UK PRE MARKET
The FTSE 100 Futures are trading at 7,180.50 with a loss of -0.12% percent or -8.50 point. The CAC 40 Futures are trading at 5,281.00 with a loss of -0.29% percent or -15.50 point . The DAX Futures are trading at 12,360.50 with a loss of -0.37% percent or -45.50 point . The EURO Stoxx 50 Futures are trading at 3,350.00 with a loss of -0.30% percent or -10.00 point.
TODAY’S FACTORS AND EVENTS
London stocks fell in early trade on Wednesday as investors erred on the side of caution ahead of the release of the minutes from the latest Federal Reserve meeting, March inflation figures for the US and some key UK industrial and manufacturing data.
At 0830 BST, the FTSE 100 was down 0.3% to 7,248.08, in spite of the strong gains on Wall Street overnight. The pound was up 0.5% against the euro at 1.1481 and 0.3% firmer to $1.4215 as the dollar suffered from trade war jitters.
Analyst Michael Hewson at CMC Markets said the release of the latest Fed minutes will give investors an insight into policymakers’ thinking about the glide path of rate rises this year and any concerns they might have about the recent narratives around trade policy.
For the day the Dow are trading at 24,408.00 for up with +1.79% percent or +428.90 point. The S&P 500 are trading at 2,656.87 for up with +1.67% percent or +43.71 point. The Nasdaq Composite are trading at 7,094.30 for up with +2.07% percent or +143.96 point.
In other parts of world, Japan’s Nikkei 225 are trading at 21,687.10 with a loss of -0.49% percent or -107.22 point. Hong Kong’s Hang Seng are trading at 3,208.08 for up with +0.56% percent or +17.76 point. China’s Shanghai Composite are trading at 3,208.08 for up with +0.56% percent or +17.76 point. India’s BSE Sensex are trading at 33,915.47 for up with +0.10% percent or +35.22 point at 12:15 PM.