UK PRE MARKET

The FTSE 100 Futures is trading at 7,501.00 up with  +0.55% percent or +41.00 point. The CAC 40 Futures is trading at 5,469.50 up  with +0.62% percent or +33.50 point . The DAX Futures is trading at 12,611.00 with 0.00%  percent or 0.00 point . The EURO Stoxx 50 Futures is trading at 3,475.00  up with +0.03%  percent or +1.00 point.

TODAY’S FACTORS AND EVENTS

London stocks just held onto gains on Tuesday as weak manufacturing data sent the pound sinking to its lowest level since early January.

The FTSE 100 closed 0.15% higher at 7,520.36 as the pound dropped 1.1%against the dollar to 1.3618 and slipped 0.45% versus the euro to 1.1345 after data showed that growth in the UK’s manufacturing sector fell to a 17-month low in April, further reducing the odds of an interest rate hike at the Bank of England’s monetary policy meeting next week.

Howard Archer, chief economic advisor to the EY ITEM Club, said it was a “disappointing survey that increases concerns that the UK economy has lost momentum and that the first-quarter GDP weakness was not just due to the severe weather”.

 

WORLD MARKETS

For the day the Dow is trading at 24,099.05  with a loss of -0.27% percent or ?64.10 point. The S&P 500 is trading at 2,654.80  up with +0.25% percent or +6.75  point. The Nasdaq Composite is trading at 7,130.70  up with +0.91% percent or +64.44 point.

In other parts of world, Japan’s Nikkei 225 is trading at 22,472.78  with a loss of -0.16% percent or -35.25 point. Hong Kong’s Hang Seng is trading at 30,710.51   with a loss of -0.33% percent or -102.18  point. China’s Shanghai Composite is trading at 3,081.32  with a loss of -0.030% percent or  -0.91 point. India’s BSE Sensex is trading at 35,245.13 up with +0.24% percent or +84.77  point at 12:15 PM.