FTSE Futures Morning Update on 03 July 2017

UK PRE MARKET

The FTSE 100 Futures are trading at 7,273.20 for up with  +0.17% percent or +12.70 point. The CAC 40 Futures are trading at 5,167.50 for up with +1.00% percent or +51.00 point . The DAX Futures are trading at 12,399.80 for up with +0.65% percent or +79.80 point . The EURO Stoxx 50 Futures are trading at 3,463.0 for up with +0.93% percent or   +32.0 point.

TODAY’S FACTORS AND EVENTS

Stocks started the week and the quarter on a positive note, with investors focused on the slate of manufacturing sector surveys that were set for release around the world.

As of 0834 BST the benchmark Stoxx 600 was up by 0.68% or 2.57 points at 381.94, alongside a gain of 0.63% or 77.55 points for Germany’s Dax which took it to 12,403.40 and 0.91% rise in the Cac-40 to 5,167.32.

A stronger tone in oil markets was also providing a favourable tailwind for stocks as front month Brent crude oil futures advanced 0.53% to $49.03 a barrel on the ICE.

“European equity markets are expected to open a little higher on Monday as traders await a selection of manufacturing PMI reports from across Europe as well as some unemployment data,” said Craig Erlam, senior market analyst at Oanda.

Erlam also reminded clients that trading volumes were likely to be subdued on account of the 4 July holiday the next day in the States and the shortened session in New York on Monday ahead of that.

Investors were also keeping tabs on the presentation by Germany’s ruling CDU party of its election manifesto, at noon. Media reports inidcated it would include tax cuts worth€15.0bn and increased public investment of €12.0bn.

French president Emanuelle Macron was also expected to hold a joint session of parliament, a fairly rare event, to set the tone for his five-year tenure.

PREVIOUS DAY ACTIVITY

For the day the FTSE 100 closed at 7,339.55 for up with  +0.37% percent or +26.83 point. France’s CAC 40 closed at 5,172.30 for up with  +1.01% percent or +51.62 point. Germany’s DAX closed at 12,403.94 for up with 0.64% percent or +78.87  point.

WORLD MARKETS

For the day the Dow are trading at 12,403.94 for up with  +0.29% percent or +62.60 point. The S&P 500 are trading at 2,423.41 for up with +0.15% percent or +3.71 point. The Nasdaq Composite are trading at 6,140.42 with a loss of –0.06% percent or –3.93 point .

In other parts of world, Japan’s Nikkei 225 are trading at 20,055.80 for up with +0.11% percent or +22.37  point. Hong Kong’s Hang Seng are trading at 25,784.17 for up with  +0.08% percent or +19.59 point. China’s Shanghai Composite are trading at 3,195.91 for up with +0.11% percent or +3.48 point. India’s S&P BSE Sensex are trading at 31,221.62 for up  with + 0.97% percent or +300.01 point at 12:26 PM .

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