FTSE Futures Morning Update on 22 February

UK PRE MARKET

The FTSE 100 Futures are trading at 7,192.50  with a loss of -0.85% percent or -61.50 point. The CAC 40 Futures are trading at 5,269.50 with a loss of  -0.58% percent or -30.50 point . The DAX Futures are trading at 12,360.50  with a loss of -0.81% percent or -101.00 point . The EURO Stoxx 50 Futures are trading at 3,402.00 with a loss of  -0.73% percent or -25.00 point.

TODAY’S FACTORS AND EVENTS

London stocks were set to drop at the open on Wednesday, tracking weakness on Wall Street after the latest Federal Reserve minutes revealed that the US central bank wants to keep lifting short-term interest rates gradually this year.

The FTSE 100 was called to open 71 points lower at 7,210.

David Madden, market analyst at CMC Markets, said: “US equity markets finished in the red last night after the minutes from the Federal Reserve meeting in January showed that economic sentiment was picking up, and there was some evidence that prices were beginning to rise. The US central bank believes it will reach its inflation target of 2%, but they are not afraid of the cost of living becoming too high. Traders are fearful the US central bank might quicken their pace of interest rate hikes.

PREVIOUS DAY ACTIVITY
For the day the FTSE 100 closed at 7,217.22  with a loss of -0.88% percent or -64.35 point. France’s CAC 40 closed at 5,302.17 for up with +0.23% percent or +12.32 point. Germany’s DAX closed at 12,470.49 with a loss of -0.14% percent or  -17.41 point.

WORLD MARKETS

For the day the Dow are trading at 24,797.78 with a loss of -0.67% percent or  -166.97 point. The S&P 500 are trading at 2,701.33 with a loss of -0.55% percent or -14.93 point. The Nasdaq Composite are trading at 7,218.23 with a loss of -0.22% percent or -16.08 point.

In other parts of world, Japan’s Nikkei 225 are trading at 21,736.44  with a loss of -1.07% percent or  -234.37 point. Hong Kong’s Hang Seng are trading at 30,965.68 with a loss of -1.48% percent or -466.21 point. China’s Shanghai Composite are trading at 3,268.56 for up with +2.17% percent or +69.40 point. India’s BSE Sensex are trading at 33,832.99 with a loss of -0.04% percent or -11.87  point at 12:15 PM.

You may also like...

Rules of Discussion on FTSE Futures Morning Update on 22 February

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is stricly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Memebrs are requeuested to flag any violations to keep Forum Clean