FTSE Futures Morning Update on 20 March

  1. UK PRE MARKET

The FTSE 100 Futures are trading at 6,989.50   with a loss of -1.24% percent or -87.50 point. The CAC 40 Futures are trading at 5,208.00  with a loss of -1.02% percent or -53.50 point . The DAX Futures are trading at 12,214.50  with a loss of -1.62% percent or -201.00 point . The EURO Stoxx 50 Futures are trading at 3,303.00   with a loss of –1.40% percent or -47.00 point.

TODAY’S FACTORS AND EVENTS

 London stocks fell sharply at the start of the week as the pound rallied on the back of a draft Brexit deal, with traders also looking ahead to a week that included monetary policy meetings at the US Federal Reserve and the Bank of England.

Adding to the negative sentiment was heavy selling pressure in iron ore futures against a backdrop of simmering tensions on the international trade and US political fronts.

Against that backdrop, the top tier index finished down 1.69% to 7,042.93, as the pound climbed 0.71% versus the dollar to 1.4045 and 0.28% against the euro to 1.1379 after Britain and the European Union agreed a 21-month Brexit transition deal, though the Irish border was among several issues not yet resolved.

PREVIOUS DAY ACTIVITY
For the day the FTSE 100 closed at 7,042.93 with a loss of -1.69% percent or  -121.21 point. France’s CAC 40 closed at 5,222.84  with a loss of -1.13% percent or  -59.90 point. Germany’s DAX closed at 12,217.02  with a loss of -1.39% percent or  -172.56 point.

WORLD MARKETS

For the day the Dow are trading at 24,610.91   with a loss of -1.35% percent or -335.60  point. The S&P 500 are trading at 2,712.92   with a loss of -1.42% percent or  -39.09 point. The Nasdaq Composite are trading at 7,344.24  with  a loss of -1.84% percent or -137.74 point.

In other parts of world, Japan’s Nikkei 225 are trading at 21,380.97 with a loss of  -0.47% percent or  -99.93 point. Hong Kong’s Hang Seng are trading at 31,561.8 for up with +0.15% percent or  +48.11 point. China’s Shanghai Composite are trading at 3,290.64 for up  with +0.35% percent or +11.39 point. India’s BSE Sensex are trading at 33,045.38  for up with  +0.37% percent or +122.26 point at 12:15 PM.