FTSE Futures Morning Update on 06 July 2017

UK PRE MARKET

The FTSE 100 Futures are trading at 7,305.00 with a loss of -0.14% percent or -10.50 point. The CAC 40 Futures are trading at 5,176.50 with a loss of -0.27% percent or -14.00 point . The DAX Futures are trading at 12,459.80 with a loss -0.10% percent or -12.70 point . The EURO Stoxx 50 Futures are trading at 3,473.0 with a loss of -0.20% percent or  -7.0 point.

TODAY’S FACTORS AND EVENTS

London stocks brushed aside profit-taking in oil and weak readings on the economy to end the day higher.

The FTSE 100 gained 0.14% to 7,367.60, while the FTSE 250 added 0.78% or 149.75 points to finish at 19,451.22.

Services sector activity in Britain was revealed to have weakened to its lowest in four months in June, while business optimism dropped to its second-lowest in over five and half years.

The UK Markit/CIPS services purchasing managers’ index for June fell to 53.4 from the prior month’s level of 53.8 and shy of the consensus forecast of 53.5.

“This bodes poorly for output over Q3 and Q4 of this year, and given that we believe firms’ concerns will only rise further as the year progresses, this suggests further deterioration may be in store,” said Fabrice Montagne and Andrzej Szczepaniak at Barclays.

PREVIOUS DAY ACTIVITY

For the day the FTSE 100 closed at 7,367.60 for up with  +0.14% percent or +10.37 point. France’s CAC 40 closed at 5,180.10 for up with +0.10% percent or +5.20 point. Germany’s DAX closed at 12,453.68 for up with  +0.13% percent or +16.55 point.

WORLD MARKETS

For the day the Dow are trading at 21,478.17  with  a loss of  –0.01% percent or –1.10 point. The S&P 500 are trading at 2,432.54 for up with +0.15% percent or +3.53 point. The Nasdaq Composite are trading at 6,150.86 for up with  of +0.67% percent or +40.80 point .

In other parts of world, Japan’s Nikkei 225 are trading at 19,994.06  with a loss of –0.44% percent or –87.57 point. Hong Kong’s Hang Seng are trading at 25,503.31 with a loss of –0.05% percent or –12.22 point. China’s Shanghai Composite are trading at 3,215.05 for up with +0.25% percent or +8.23 point. India’s S&P BSE Sensex are trading at  31,395.51  for up with  +0.49% percent or +151.98 point at 12:15 PM .

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