UK PRE MARKET
The FTSE 100 Futures are trading at 7,342.50 for up with +0.10% percent . The CAC 40 Futures are trading at 5,381.50 with a loss of -0.03% percent . The DAX Futures are trading at 12,774.50 for up with +0.07% percent. The EURO Stoxx 50 Futures are trading at 3,608.0 for up with +0.06% percent .
TODAY’s FACTORS AND EVENTS
A late rebound in crude oil futures pushed shares on the Continent higher even as European Central Bank chief Mario Draghi repeated that inflation in the euro area had yet to make a convincing comeback.
In a speech to the Danish parliament, Draghi said economic risks had further diminished but it was too early to declare success, contrary to speculation that he might sound a more optimistic note.
Many analysts believe the ECB Governing Council will offer a more neutral ‘balance-of-risks’ assessment following its meeting in June, heralding a slow shift towards not extending its current programme of quantitate easing and culminating in a small increase in the central bank’s deposit rate facility.
“It is too early to declare success. Underlying inflation pressures continue to remain subdued and have yet to show a convincing upward trend,” he said.
To take note of, his speech came amid intensifying calls for a debate around the need for reforms of the euro area’s architecture, especially following the election of French centrist reformer Emmanuele Macron as president.
PREVIOUS DAY ACTIVITY
For the day the FTSE 100 closed at 7,381.40 with a loss of –0.05% percent. France’s CAC 40 closed at 5,400.46 for up with 0.05% percent. Germany’s DAX closed at 12,757.46 for up with +0.07% percent.
For the day the Dow are trading at 20,943.11 with a loss of –0.16% percent. The S&P 500 are trading at 2,399.63 for up with +0.11% percent. The Nasdaq Composite are trading at 6,129.14 for up with + 0.14% percent.
In other parts of world, Japan’s Nikkei 225 are trading at 19,961.55 for up with +0.31% percent. Hong Kong’s Hang Seng are trading at 25,120.18 for up with +0.42% percent. China’s Shanghai Composite are trading at 3,061.50 for up with +0.29% percent. India’s S&P BSE Sensex are trading at 30,333.17 for up with +0.28% percent as on 12:52 PM .