FTSE Futures Morning Update on 18 May 2017

UK PRE MARKET

The FTSE 100 Futures are trading at 7,403.80  with a loss of -0.14% percent . The CAC 40 Futures are trading at 5,211.80 with a loss of -1.11% percent . The DAX Futures are trading at 12,541.00 with a loss of -0.69% percent. The EURO Stoxx 50 Futures are trading at 3,522.00 with a loss of -1.12% percent .

TODAY’s FACTORS AND EVENTS

European stocks are near their worst levels of the day as investors wait for the proverbial ‘other shoe’ to drop in Washington.

“Traders will be reluctant to open up new long positions while there is talk of Trump being impeached. I would classify today as a risk-off session as traders appear to be in wait-and-see mode. There are bargains to be had out there but dealers would be taking on excessive risk by buying in now,” said David Madden, market analyst at CMC Markets UK.

Against that backdrop, Reuters reported that former national security adviser Michael Flynn and other Trump advisers sent at least 18 calls and e-mails to Russian officials or related people during the last seven months of the presidential elections.

 

PREVIOUS DAY ACTIVITY

For the day the FTSE 100 closed at 7,415.93 with a loss of –1.17% percent. France’s CAC 40 closed at 5,265.26 with a loss of –0.99% percent. Germany’s DAX closed at 12,549.52 with a loss of 0.65% percent.

WORLD MARKETS

For the day the Dow are trading at 20,606.93 with a loss of 1.78% percent. The S&P 500 are trading at 2,357.03 with a loss of1.82% percent. The Nasdaq Composite are trading at 6,011.24 with a loss of 2.57% percent.

In other parts of world, Japan’s Nikkei 225 are trading at 19,553.86 with a loss of  –1.32% percent. Hong Kong’s Hang Seng are trading at 25,136.52 with a loss of –0.62% percent. China’s Shanghai Composite are trading at 3,090.14 with a loss of  –0.46% percent. India’s S&P BSE Sensex are trading at 30,434.79 with a loss 0.73% percent as on 03:40 PM .

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