FTSE Futures Morning Update on 16 January

UK PRE MARKET

The FTSE 100 Futures are trading at 7,718.50 for up with +0.05% percent or +3.50 point. The CAC 40 Futures are trading at 5,517.00  for up with +0.25%  percent or +13.50  point . The DAX Futures are trading at 13,233.50 for up with +0.34% percent or +45.00 point . The EURO Stoxx 50 Futures are trading at 3,609.00 for up with +0.31% percent or +11.00 point.

TODAY’S FACTORS AND EVENTS

The FTSE 100 dipped by 0.12% or 9.50 to finish at 7,769.14, while the pound was up 0.56% against the dollar at 1.3810 albeit little changed in its cross against the single currency, trading up by 0.02% to 1.1253.

David Cheetham, chief market analyst XTB, said sterling’s gains versus the greenback are more down to weakness in the dollar than strength in the pound.

“The greenback is coming under fire from all angles whilst the US celebrates a bank holiday in memory of Martin Luther King, with a trade-weighted US dollar index hitting its lowest level since 2014.

PREVIOUS DAY ACTIVITY
For the day the FTSE 100 closed at 7,769.14   with a loss of  -0.12% percent or  -9.50 point. France’s CAC 40 closed at 5,509.69 with a loss of  -0.13% percent or  -7.36  point. Germany’s DAX closed at 13,200.51 with a loss of -0.34% percent or -44.52 point.

WORLD MARKETS

For the day the Dow are trading at 25,803.19  for up with +0.89%percent or  +228.46 point. The S&P 500 are trading at 2,786.24  for up with +0.67%  percent or +18.68 point. The Nasdaq Composite are trading at 7,261.06 for up with   +0.68% percent or  +49.28 point.

In other parts of world, Japan’s Nikkei 225 are trading at 23,951.81 for up with +0.26% percent or +236.93 point. Hong Kong’s Hang Seng are trading at 31,835.15 for up with +1.58% percent or +496.28 point. China’s Shanghai Composite are trading at 3,436.59  for up with +0.77% percent or +26.11 point. India’s BSE Sensex are trading at 34,777.84 with a loss of -0.19% percent or -65.67 point at 12:15 PM.