UK PRE MARKET
The FTSE 100 Futures are trading at 7,479.20 with a loss of -0.03% percent or -1.00 point. The CAC 40 Futures are trading at 5,411.00 with a loss of -0.07% percent or -4.00 point . The DAX Futures are trading at 13,307.50 with a loss of -0.06% percent or -7.50 point . The EURO Stoxx 50 Futures are trading at 3,593.00 with a loss of -0.14% percent or -5.00 point.
TODAY’S FACTORS AND EVENTS
London stocks were set to nudge just a touch higher at the open on Tuesday despite record highs on Wall Street on the back of optimism over the tax reform bill, as the Christmas lull sets in.
The FTSE 100 was expected to open up four points at 7,541.
CMC Markets analyst Michael Hewson said: “US equity markets continued where they left off last week once again posting new record highs with the Nasdaq pushing above 7,000 for the first time ever, as more and more Republican senators come out and publicly back the US Presidents tax reform plans, with many expecting a vote on the plans to take place and be passed later today. Asia markets, with the exception of the Nikkei225 followed on that US enthusiasm, helped on their way by firmer commodity prices, which have boosted the mining sector.
For the day the Dow are trading at 24,792.20 for up with +0.57% percent or +140.46 point. The S&P 500 are trading at 2,690.16 for up with +0.54% percent or +14.35 point. The Nasdaq Composite are trading at 6,994.76 for up with +0.84% percent or +58.18 point.
In other parts of world, Japan’s Nikkei 225 are trading at 22,868.00 with a loss of –0.15% percent or –33.77 point. Hong Kong’s Hang Seng are trading at 29,249.11 for up with +0.68% percent or +198.70 point. China’s Shanghai Composite are trading at 3,296.54 for up with +0.88% percent or +28.62 point. India’s BSE Sensex are trading at 33,689.58 for up with +0.27% percent or +92.30 point at 12:15 PM.