FTSE Futures Morning Update on 18 August

UK PRE MARKET

The FTSE 100 Futures are trading at 7,304.20 with a loss of -0.32% percent or -23.30 point. The CAC 40 Futures are trading at 5,089.5  with a loss of -1.07% percent or -56.0 point . The DAX Futures are trading at 12,146.50  with  a loss of -0.43% percent or -53.00 point . The EURO Stoxx 50 Futures are trading at 3,431.0 with a loss of -0.90% percent or  -31.0 point.

TODAY’S FACTORS AND EVENTS

Stocks are set for a lower open following steep losses overnight on Wall Street that saw the Dow Industrials register its biggest drop in three months and the S&P 500 its largest decline in more than a month.

Fanning the selling, according to traders, were the increased political uncertainty in the US together with the impact of the Barcelona killings the day before that claimed the lives of 13 people and at least 100 injured following an attack by terrorists linked to Daesh.

Five suspected terrorists were shot dead in response.

Against that backdrop, the Footsie was being called to start the session 40 points lower at 7,347, with travel stocks likely to come under selling pressure.

PREVIOUS DAY ACTIVITY

For the day the FTSE 100 closed at 7,314.72  with a loss of – 0.99% percent or –73.15 point. France’s CAC 40 closed at 5,090.08  with a loss of  –1.10% percent or –56.77 point. Germany’s DAX closed at 12,158.60 with a loss of  –0.37% percent or –44.86 point.

WORLD MARKETS

For the day the Dow are trading at 21,750.73 with a loss of –1.24% percent or  –274.14 point. The S&P 500 are trading at 2,430.01  with a loss of – 1.54% percent or  –38.10 point. The Nasdaq Composite are trading at 6,221.91  with a loss of –1.94% percent or –123.19 point.

In other parts of world, Japan’s Nikkei 225 are trading at 19,470.41 with a loss of –1.18% percent or –232.22 point. Hong Kong’s Hang Seng are trading at 27,047.57 with a loss of –1.08% percent or –296.65 point. China’s Shanghai Composite are trading at 27,047.57 with a loss of  –1.08% percent or – 296.65 point. India’s S&P BSE Sensex are trading at 31,524.68  with a loss of –0.85% percent or –270.78 point at 12:15 PM .