UK PRE MARKET
The FTSE 100 Futures are trading at 7,349.00 for up with +0.05% percent or +3.50 point. The CAC 40 Futures are trading at 5,193.0 for up with +0.12% percent or +5.0 point . The DAX Futures are trading at 12,445.50 for up with +0.16% percent or +20.00 point . The EURO Stoxx 50 Futures are trading at 3,483.0 for up with +0.26% percent or +9.0 point.
TODAY’S FACTORS AND EVENTS
London stocks pared earlier losses ending the day just slightly lower as the pound took a hit from news that UK inflation unexpectedly eased back last month, pouring cold water on rate hike expectations.
The FTSE 100 edged lower by 0.19% or 13.91 points to finish at 7,390.22, while the pound was down 0.82% against the euro at 1.1280 and flat versus the dollar at 1.3053.
The index tends to benefit from a weaker pound as around 70% of its constituents derive their earnings from overseas.
PREVIOUS DAY ACTIVITY
For the day the FTSE 100 closed at 7,390.22 with a loss of –0.19% percent or –13.91point. France’s CAC 40 closed at 5,173.27 with a loss of –1.09% percent or – 56.90 point. Germany’s DAX closed at 12,430.39 with a loss of –1.25% percent or –156.77 point.
WORLD MARKETS
For the day the Dow are trading at 21,574.73 with a loss of –0.25% percent or –54.99 point. The S&P 500 are trading at 2,460.61 for up with +0.06% percent or +1.47 point. The Nasdaq Composite are trading at 6,344.30 for up with of +0.47% percent or +29.87 point.
In other parts of world, Japan’s Nikkei 225 are trading at 20,020.86 for up with +0.10% percent or +20.95 point. Hong Kong’s Hang Seng are trading at 26,675.82 for up with +0.57% percent or +150.88 point. China’s Shanghai Composite are trading at 3,232.87 for up with +1.36% percent or +43.41 point. India’s S&P BSE Sensex are trading at 31,910.14 for up with +0.63% percent or +199.15 point at 12:15 PM .