FTSE Futures Morning Update on 12 January

UK PRE MARKET

The FTSE 100 Futures are trading at 7,715.20 for up with  +0.02% percent or +1.40 point. The CAC 40 Futures are trading at 5,505.00  for up with +0.01%  percent or +0.50  point . The DAX Futures are trading at 13,240.80 with a loss of  -0.03% percent or -3.70 point . The EURO Stoxx 50 Futures are trading at 3,596.00 for up with +0.06% percent or +2.00 point.

TODAY’S FACTORS AND EVENTS

Share prices in London nudged higher on Friday as strength from miners and defence companies offset weak retailers and housebuilders following uninspiring updates from Tesco, Marks & Spencer and Barratt Developments.

It was a volatile day for the pound, sinking to 1.122 against the euro earlier after the release of the minutes from the last European Central Bank revealed tightening on the horizon. Having been down on the dollar early doors, the pound later climbed 0.2% higher to 1.3542.

“The FTSE moves towards the end of the week in somewhat unremarkable fashion, with the headline UK stock market trading largely flat amid a distinct lack of fundamental drivers,” said analyst Joshua Mahony at IG. “The gradual ascent in the pound will likely have something to do with the long-standing decline in the US dollar, yet with Nigel Farage calling for a second EU referendum, there will be some who see the potential for a Brexit reversal.”

PREVIOUS DAY ACTIVITY
For the day the FTSE 100 closed at 7,762.94  for up with +0.19% percent or  +14.43 point. France’s CAC 40 closed at 5,488.55  with a loss of -0.29% percent or  -16.13  point. Germany’s DAX closed at 13,202.90 with a loss of -0.59% percent or -78.44 point.

WORLD MARKETS

For the day the Dow are trading at 25,574.73  for up with +0.81% percent or  +205.60 point. The S&P 500 are trading at 2,767.56  for up with +0.70%  percent or +19.33 point. The Nasdaq Composite are trading at 7,211.78 for up with   +0.81% percent or  +58.21 point.

In other parts of world, Japan’s Nikkei 225 are trading at 23,653.82 with a loss of -0.24% percent or -56.61 point. Hong Kong’s Hang Seng are trading at 31,352.64  for up  with +0.75% percent or  +232.25 point. China’s Shanghai Composite are trading at 3,428.94 for up with +0.10% percent or +3.60 point. India’s BSE Sensex are trading at 34,464.26  with a loss of -0.11% percent or -39.23 point at 12:15 PM.

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