FTSE Futures Morning Update on 28 July 2017

UK PRE MARKET

The FTSE 100 Futures are trading at 7,342.80 with a loss of -0.35% percent or -25.70 point. The CAC 40 Futures are trading at 5,155.00 with a loss of -0.26% percent or -13.50 point . The DAX Futures are trading at 12,152.30 with a loss of -0.30% percent or -36.20 point . The EURO Stoxx 50 Futures are trading at 3,468.0  with a loss of -0.40% percent or  -15.0 point.

TODAY’S FACTORS AND EVENTS

London stocks ended the day lower on Thursday as investors plodded through a massive but mixed salvo of company results, while the pound fell against the dollar during UK trading.

The FTSE 100 was down 0.12% to 7,443.01, with sterling also down 0.43% against the greenback at 1.3064 after hitting a 10-month high of 1.3150.

Overnight, the Federal Reserve said it would start implementing balance sheet normalisation “very soon” and highlighted weakness in US inflation, which put pressure on the dollar earlier.

“While the Fed did suggest that the unwinding of its balance sheet will begin relatively soon, it also repeatedly referred to inflation running below target, a concern that has been highlighted by policy makers in recent months,” said Oanda’s Craig Erlam.

PREVIOUS DAY ACTIVITY

For the day the FTSE 100 closed at 7,443.01 with a loss of –0.12% percent or –9.31 point. France’s CAC 40 closed at 5,186.95 with a loss of –0.06% percent or -3.22 point. Germany’s DAX closed at 12,212.04 with a loss of –0.76% percent or –93.07 point.

WORLD MARKETS

For the day the Dow are trading at 21,796.55 for up with + 0.39% percent or  +85.54 point. The S&P 500 are trading at 2,475.42  with  a loss of –0.03% percent or –2.41 point. The Nasdaq Composite are trading at 6,382.19  with a loss of –0.63% percent or –40.56 point.

In other parts of world, Japan’s Nikkei 225 are trading at 19,959.84 with a loss of –0.60% percent or  –119.80 point. Hong Kong’s Hang Seng are trading at 26,989.71 with a loss of –0.52% percent or –141.46 point. China’s Shanghai Composite are trading at 3,252.53 for up with  +0.08% percent or +2.75 point. India’s S&P BSE Sensex are trading at 32,233.18 with a loss of –0.46% percent or –150.12 point at 12:15 PM .

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