UK PRE MARKET
The FTSE 100 Futures are trading at 7,517.50 with a loss of -0.11% percent or -8.00 point. The CAC 40 Futures are trading at 5,508.50 with a loss of -0.04% percent or -2.00 point . The DAX Futures are trading at 13,466.00 with a loss of -0.04% percent or -5.00 point . The EURO Stoxx 50 Futures are trading at 3,677.0 with a loss of -0.08% percent or – 3.0 point.
TODAY’S FACTORS AND EVENTS
London stocks had given up all their gains by midday on Monday as the market was driven by tight inverse correlation with the pound, which itself rebounded off strong services sector data.
The UK stock benchmark index was flat at 7,555, having topped 7,580 earlier in the session.
After Thursdays 1.71% tumble against the dollar – its largest fall since day after the Brexit referendum last year – sterling was up 0.24% to 1.3090 and up 0.28% on the euro to 1.1233.
A weaker pound benefits the Footsie due to its significant contingent of companies earning most of their revenues overseas.
For the day the Dow are trading at 23,539.19 for up with +0.10% percent or +22.93 point. The S&P 500 are trading at 2,587.84 for up with +0.31% percent or +7.99 point. The Nasdaq Composite are trading at 6,764.44 for up with +0.74% percent or +49.49 point.
In other parts of world, Japan’s Nikkei 225 are trading at 22,548.35 for up with +0.04% percent or +9.23 point. Hong Kong’s Hang Seng are trading at 28,624.12 for up with +0.07%percent or +20.51 point. China’s Shanghai Composite are trading at 3,388.17 for up with +0.49% percent or +16.43 point. India’s BSE Sensex are trading at 33,805.18 for up with +0.36% percent or +119.62 point at 12:15 PM.