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.
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.