FTSE Futures Morning Update on 22 November

UK PRE MARKET

The FTSE 100 Futures are trading at 7,400.50 for up with +0.01% percent or +1.00 point. The CAC 40 Futures are trading at 5,361.00 with a loss of -0.05% percent or -2.50 point . The DAX Futures are trading at 13,167.20 for up with  +0.03% percent or +4.20 point . The EURO Stoxx 50 Futures are trading at 3,578.00 for up with +0.06% percent or +2.00 point.

TODAY’S FACTORS AND EVENTS

London stocks were set to nudge up at the open on Wednesday as investors eyed the Autumn Budget.

The FTSE 100 was expected to open three points higher at 7,414.

CMC Markets analyst Michael Hewson said the Budget, due at 1230GMT, is highly unlikely to produce any surprises.

“The Chancellor’s plans will undoubtedly be dictated by the fact that the Office for Budget Responsibility will have to downgrade its outlook for the UK economy from the figures we saw in March, where it estimated that the UK economy would see 2% GDP growth this year. This is likely to see a downgrade to about 1.5%,”

PREVIOUS DAY ACTIVITY
For the day the FTSE 100 closed at 7,411.34 for up with +0.30% percent or +21.88 point. France’s CAC 40 closed at 5,366.15 for up with +0.48% percent or +25.71 point. Germany’s DAX closed at 13,167.54 for up with +0.83% percent or +108.88 point.

WORLD MARKETS

For the day the Dow are trading at 23,590.83 for up with +0.69% percent or  +160.50 point. The S&P 500 are trading at 2,599.03 for up with +0.65% percent or +16.89 point. The Nasdaq Composite are trading at 6,862.48 for up with +1.06% percent or  +71.76 point.

In other parts of world, Japan’s Nikkei 225 are trading at 22,523.15 for up with +0.48% percent or  +106.67 point. Hong Kong’s Hang Seng are trading at 30,007.6 for up with +0.64% percent or  +189.61 point. China’s Shanghai Composite are trading at 3,430.46 for up with +0.59% percent or  +19.97 point. India’s BSE Sensex are trading at 33,577.97 for up with  +0.30% percent or +100.35 point at 12:15 PM.

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