FTSE Futures Morning Update on 31 January

UK PRE MARKET

The FTSE 100 Futures are trading at 7,534.80 for up with +0.11% percent or +8.60  point. The CAC 40 Futures are trading at 5,479.80  for up with +0.08%  percent or +4.60  point . The DAX Futures are trading at 13,217.50 for up  with +0.17% percent or +23.00 point . The EURO Stoxx 50 Futures are trading at 3,609.00  for up with  +0.19% percent or +7.00 point.

TODAY’S FACTORS AND EVENTS

The FTSE was a sea of red on Friday by a bruising combination of government bond pressure, a rising pound and a hit for banks and builders from a regulatory warning.

London’s stock benchmark lost 1.1% to close at 7,587.98, while the pound regained 0.4% against the greenback to 1.4135 and climbed 0.3% versus the euro to 1.1398 after comments on from Bank of England governor Mark Carney.

A lower open on Wall Street poured further cold water on the mood, while oil prices were another dampener, with Brent Crude down 1.2% to $68.61 a barrel.

Questioned by the House of Lords’ economic affairs committee on Tuesday afternoon, Carney said: “The important thing with [monetary] policy now is that as slack in the economy has been taken out, we move into a more conventional area for monetary policy, where the focus is increasingly on returning inflation sustainably to target over an appropriate horizon”.

PREVIOUS DAY ACTIVITY
For the day the FTSE 100 closed at 7,587.98 for up with +0.08% percent or +5.99 point. France’s CAC 40 closed at 5,521.59  with  a loss of -0.14% percent or -7.56 point. Germany’s DAX closed at 13,324.48  with a loss of -0.12% percent or -15.69 point.

WORLD MARKETS

For the day the Dow are trading at 26,439.48  with a loss of -1.09% percent or  -83.55 point. The S&P 500 are trading at 2,822.43 with  a loss of -1.09% percent or -31.10 point. The Nasdaq Composite are trading at 7,402.48  with a loss of  -0.86% percent or -64.02 point.

In other parts of world, Japan’s Nikkei 225 are trading at 23,098.29  with a loss of -0.83% percent or -193.68 point. Hong Kong’s Hang Seng are trading at 32,885.54  for up with +0.85% percent or +278.25 point. China’s Shanghai Composite are trading at 3,480.83  with a loss of -0.21% percent or -7.18 point. India’s BSE Sensex are trading at 35,887.84 with a loss of -0.41% percent or  -149.63 point at 12:15 PM.