UK PRE MARKET
The FTSE 100 Futures is trading at 7,477.50 up with +0.09% percent or +7.00 point. The CAC 40 Futures is trading at 5,480.50 with a loss of -0.17% percent or -9.50 point . The DAX Futures is trading at 12,771.50 with a loss of -0.39% percent or-49.50 point . The EURO Stoxx 50 Futures is trading at 3,486.00 with a loss of -0.31% percent or -11.00 point.
TODAY’S FACTORS AND EVENTS
London stocks were set to drop at the open on Thursday, taking their cue from Wall Street, which finished lower after the Federal Reserve’s latest policy announcement.
The FTSE 100 was called to open down 18 points at 7,525.
The Fed stood pat on rates as expected on Wednesday. However, CMC Markets analyst Michael Hewson pointed out that there was a tweak to the language around inflation, which was changed to reflect the much firmer headline numbers seen earlier this week, with “run below” changed to “moved close to 2%“, while the reference to “monitoring inflation developments” was removed completely, as was the reference to the economic outlook strengthening in recent months.
For the day the Dow is trading at 23,924.98 with a loss of -0.72% percent or -174.07 point. The S&P 500 is trading at 2,635.67 with a loss of -0.72% percent or -19.13 point. The Nasdaq Composite is trading at 7,100.90 with a loss of -0.42% percent or -29.81 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 30,329.31 with a loss of -1.26% percent or -388.52 point. China’s Shanghai Composite is trading at 3,100.86 up with +0.64% percent or +19.68 point. India’s BSE Sensex is trading at 35,094.74 with a loss of -0.23% percent or -82.50 point at 12:15 PM.