FTSE Futures Morning Update on 25 October

UK PRE MARKET

The FTSE 100 Futures are trading at 7,487.50 for up  with +0.03% percent or +2.00 point. The CAC 40 Futures are trading at 5,395.50 for up with +0.21% percent or +11.50 point . The DAX Futures are trading at 12,993.00 with a loss of   -0.18% percent or -24.00 point . The EURO Stoxx 50 Futures are trading at 3,601.0   with a loss of –0.14% percent or –5.0 point.

TODAY’S FACTORS AND EVENTS

London stocks were set to edge lower at the open on Wednesday as investors eye the release of third-quarter UK GDP data.

The FTSE 100 is expected to open 12 points lower at 7,514.

CMC Markets analyst Michael Hewson said the pound’s weakness on Tuesday was primarily a result of jitters about the prospect of there not being a rate hike next week.

“Reiterating his remarks from Monday, Bank of England deputy governor Jon Cunliffe threw more shade than light on the prospects for a rise in interest rates at next week’s Bank of England rate meeting and inflation report. His comments that a rate move remains an open question are in recent contrast to market expectations of a move next week, which are still priced at over 80%,” he said.

 

PREVIOUS DAY ACTIVITY

For the day the FTSE 100 closed at 7,518.06 with a loss of –0.11% percent or  –8.48 point. France’s CAC 40 closed at 5,400.23 for up with +0.09%percent or  +4.99 point. Germany’s DAX closed at 13,003.86 with a loss of  –0.07% percent or –9.33 point.

WORLD MARKETS

For the day the Dow are trading at 23,441.76 for up with +0.72% percent or +167.80 point. The S&P 500 are trading at 2,569.13 for up with +0.16% percent or +4.15 point. The Nasdaq Composite are trading at 6,598.43 for up with  +0.18% percent or +11.60 point.

In other parts of world, Japan’s Nikkei 225 are trading at 21,707.62  with a loss of –0.45% percent or –97.55 point. Hong Kong’s Hang Seng are trading at 28,281.48 for up with +0.45% percent or  +126.51 point. China’s Shanghai Composite are trading at 3,396.90 for up with +0.26% percent or  +8.65 point. India’s BSE Sensex are trading at 32,974.94 for up with +1.13% percent or +367.60 point at 12:15 PM.