UK PRE MARKET
The FTSE 100 Futures is trading at 7,467.50 up with +0.12% percent or +9.00 point. The CAC 40 Futures is trading at 5,473.00 up with +0.68% percent or +37.00 point . The DAX Futures is trading at 12,611.00 up with +0.11% percent or +14.00 point . The EURO Stoxx 50 Futures is trading at 3,474.00 up with +0.55% percent or +19.00 point.
TODAY’S FACTORS AND EVENTS
The FTSE 100 rose 0.1% to 7,509.30 as sterling regained some poise, trading up 0.2% versus the euro at 1.1390 and down 0.2% against the dollar at 1.3754, halving its earlier losses. The currency has been under pressure since last week’s weak UK GDP data dashed any remaining hopes of an interest rate hike in May.
Sainsbury’s closed up 15% after confirming that it has agreed terms with Walmart over a merger with UK supermarket chain Asda to create a £51bn-revenue giant in exchange for a £3bn cash payment.
WORLD MARKETS
For the day the Dow is trading at 24,163.15 with a loss of -0.61% percent or -148.04 point. The S&P 500 is trading at 2,648.05 with a loss of -0.82% percent or -21.86 point. The Nasdaq Composite is trading at 7066.27 with a loss of -0.75% percent or -53.53 point.
In other parts of world, Japan’s Nikkei 225 is trading at 22,508.03 up with +0.18% percent or +40.16 point. Hong Kong’s Hang Seng is trading at 30,808.45 up with +1.74% percent or +527.78 point. China’s Shanghai Composite is trading at 3,082.23 up with +0.23% percent or +7.20 point. India’s BSE Sensex is trading at 35,160.36 up with +0.55% percent or +190.66 point at 12:15 PM.
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