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.
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.
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