FTSE Futures Morning Update on 16 March

UK PRE MARKET

The FTSE 100 Futures are trading at 7,144.50  for up with +0.05% percent or +3.50 point. The CAC 40 Futures are trading at 5,268.00 for up with +0.67% percent or +35.00 point . The DAX Futures are trading at 12,360.50 for up with +1.12% percent or +137.50 point . The EURO Stoxx 50 Futures are trading at 3,419.00 for up  with +0.80% percent or +27.00 point.

TODAY’S FACTORS AND EVENTS

Having hummed and hawed all day amid a buzz of UK corporate and global geopolitical news on Friday, London’s blue chip share index showed signs of life after being laid up for the first three days of the week.

Financial stocks put in a solid performance in line with the global financials sector, boosted by rising yields and a strong reading in the key US Philly Fed manufacturing gauge, which analysts said pointed to robust factory sector activity in the States going forward.

There was no major UK data releases due but in the US, the data was robust, with jobless claims, the import price index and the NY Empire State manufacturing also helping bolster sentiment.

PREVIOUS DAY ACTIVITY
For the day the FTSE 100 closed at 7,139.76 for up with 0.10% percent or  +7.07 point. France’s CAC 40 closed at 5,267.26 for up with +0.65% percent or  +33.91 point. Germany’s DAX closed at 12,345.56 for up with +0.88% percent or  +107.82 point.

WORLD MARKETS

For the day the Dow are trading at 24,873.66 for up  with +0.47% percent or +115.54  point. The S&P 500 are trading at 2,747.33  with a loss of -0.08% percent or  -2.15 point. The Nasdaq Composite are trading at 7,481.74  with a loss of -0.20% percent or -15.07 point.

In other parts of world, Japan’s Nikkei 225 are trading at 21,676.51 with a loss of  -0.58% percent or  -127.44  point. Hong Kong’s Hang Seng are trading at 31,402.38 with a loss of -0.44% percent or  -138.72 point. China’s Shanghai Composite are trading at 3,269.88  with a loss of   -0.65% percent or -21.23 point. India’s BSE Sensex are trading at 33,409.04  with  a loss of -0.82% percent or – 276.50 point at 12:15 PM.