UK PRE MARKET
The FTSE 100 Futures are trading at 7,470.50 for up with +0.02% percent or +1.30 point. The CAC 40 Futures are trading at 5,337.00 with a loss of -0.17% percent or -9.00 point . The DAX Futures are trading at 13,063.50 for up with +0.09% percent or +12.00 point . The EURO Stoxx 50 Futures are trading at 3,536.00 with a loss of -0.08% percent or -3.00 point.
TODAY’S FACTORS AND EVENTS
London stocks dipped lower late on Thursday amid thin trading volumes, a downgrade of UK growth forecasts from the International Monetary Fund and a mixed start on Wall Street.
The FTSE 100 fell 0.25% to 7,525.22, with volumes on the index down 30% versus the 100-day average, while the pound was up 0.1% on the dollar at 1.3403 and down 0.2% against the euro to 1.1286.
On the one hand, investors cheered progress on the US tax reform front after the Senate approved a tax bill that includes $1.5trn of tax cuts – the biggest tax overhaul in three decades – that will now go back to the House of Representatives for a final vote later in the day.
WORLD MARKETS
For the day the Dow are trading at 24,726.65 with a loss of –0.11% percent or –28.10 point. The S&P 500 are trading at 2,679.25 with a loss of –0.08% percent or –2.22 point. The Nasdaq Composite are trading at 6,960.96 with a loss of –0.04% percent or –2.89 point.
In other parts of world, Japan’s Nikkei 225 are trading at 22,866.10 with a loss of –0.11% percent or –25.62 point. Hong Kong’s Hang Seng are trading at 29,376.51 for up with +0.49% percent or +142.42 point. China’s Shanghai Composite are trading at 6,960.96 for up with +0.38% percent or +12.45 point. India’s BSE Sensex are trading at 33,749.80 with a loss of –0.08% percent or –27.58 point at 12:15 PM.
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