UK PRE MARKET
The FTSE 100 Futures are trading at 7,363.20 with a loss of -0.32% percent or -23.30 point. The CAC 40 Futures are trading at 5,324.20 with a loss of -0.26% percent or -14.00 point . The DAX Futures are trading at 13,054.20 for up with +0.11% percent or +13.70 point . The EURO Stoxx 50 Futures are trading at 3,561.00 for up with +0.03% percent or +1.00 point.
TODAY’S FACTORS AND EVENTS
London stocks were set to edge lower at the open on Friday despite a positive close on Wall Street.
The FTSE100 was expected to open 13 points lower at 7,373.
CMC Markets analyst Michael Hewson said: “The gains in the US were helped by reports that US politicians passed a bill in the House of Representatives aimed at cutting US company rates from 35% to 20%. As is normal the optics are more important than the actual reality, with the prospect of getting the bill into law by way of the Senate still slim in the short term.”
He pointed out that European markets snapped their five day losing streak on Thursday, as some cautious buyers returned to the fray after the worst run of daily losses so far this year.
For the day the Dow are trading at 23,458.36 for up with +0.80% percent or +187.08 point. The S&P 500 are trading at 2,585.64 for up with +0.82% percent or +21.02 point. The Nasdaq Composite are trading at 6,793.29 for up with + 1.30% percent or +87.08 point.
In other parts of world, Japan’s Nikkei 225 are trading at 22,396.80 for up with +0.20% percent or +45.68 point. Hong Kong’s Hang Seng are trading at 29,199.04 for up with +0.62% percent or +180.28 point. China’s Shanghai Composite are trading at 3,382.91 with a loss of –0.48% percent or –16.34point. India’s BSE Sensex are trading at 33,449.70 for up with +1.04% percent or +343.72 point at 12:15 PM.