FTSE Futures Morning Update on 15 June 2017

UK PRE MARKET

The FTSE 100 Futures are trading at 7,411.2 with a loss of -0.22% percent or -17.3 point. The CAC 40 Futures are trading at 5,229.50 with a loss of -0.36% percent or -19.00 point . The DAX Futures are trading at 12,791.00 with a loss of -0.31% percent or -39.30 point . The EURO Stoxx 50 Futures are trading at 3,532.00 with a loss of -0.37% percent or -13.00 point.

TODAY’S FACTORS AND EVENTS

European stocks closed on a mixed note after unexpectedly weak US consumer price data for May forced traders to reconsider their expectations for the US central bank’s policy meeting later in the day at the last minute.

Although futures markets had fully priced-in a 25 basis point hike in the Fed’s main rate, the odds assigned to another increase by the end of 2017 stood at just 42.4%, according to the CME’s Fed Watch tool, contrary to recent signals from policymakers on the Potomac for up to two more hikes this year on top of Wednesday’s move.

At the close, the benchmark Stoxx 600 was down by 0.30% to 387.58, alongside a 0.35% drop in the Cac-40 to 5,243.29, although the German Dax managed to eke out an advance of 0.32% to 12,805.95.

In parallel, the Stoxx 600’s subindex of lenders’ shares tumbled 1.13% to 179.85 points.

Data from the US Department of Labor revealed the country’s CPI slipped from a 2.2% pace for April to 1.9% in May (consensus: 2.0%), amid declines in several core categories of goods.

PREVIOUS DAY ACTIVITY

For the day the FTSE 100 closed at 7,474.40 with a loss of –0.35% percent or –26.04 point. France’s CAC 40 closed at 5,243.29  with a loss of –0.35% percent or –18.45 point. Germany’s DAX closed at 12,805.95 for up with +0.32% percent or +40.97 point.

WORLD MARKETS

For the day the Dow are trading at 21,374.56 for up with +0.22% percent or +46.09 point. The S&P 500 are trading at 2,437.92 with a loss of  –0.10% percent or –2.43 point. The Nasdaq Composite are trading at 6,194.89  with a loss of  –0.41% percent or –25.48 point .

In other parts of world, Japan’s Nikkei 225 are trading at 19,831.82 with a loss of –0.26% percent or –51.70 point. Hong Kong’s Hang Seng are trading at 25,658.49 with a loss of -0.84% percent or –212.82 point. China’s Shanghai Composite are trading at 3,126.90 with a loss of  –0.12% percent or – 3.78 point. India’s S&P BSE Sensex are trading at 31,126.16 with a loss of –0.10% percent or –31.15  point as on 12:16 PM .

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