FTSE Futures Morning Update on 08 May

UK PRE MARKET

The FTSE 100 Futures is trading at 7,539.50 up  with +0.22% percent or +16.50 point. The CAC 40 Futures is trading at 5,493.00 with a loss of -0.29% percent or -16.00 point . The DAX Futures is trading at 12,900.00 with a loss of -0.49%  percent or -63.00 point . The EURO Stoxx 50 Futures is trading at 3,511.00  with a loss of -0.31%  percent or -11.00 point.

TODAY’S FACTORS AND EVENTS

London stocks edged higher on Tuesday as sunburnt traders returned to their desks from the baking Bank Holiday weekend to find a flurry of deal news, with the latest Chinese trade data in focus as investors eyed an announcement by US President Trump over the Iran nuclear deal.

At 0820 BST, the FTSE 100 was up 0.2% to 7,584.93, while the pound was up 0.1% against the dollar and the euro to 1.3568 and 1.1381, respectively.

London Capital Group analyst Jasper Lawler said: “Repeated criticism from Tump over the US Iranian nuclear disarmament deal has traders fearing that a withdrawal from Trump could see US sanctions being re-imposed on Iran. These sanctions would almost certainly include reductions to the country’s oil exports, jolting the oil market and lifting the price of oil in recent sessions.”

PREVIOUS DAY ACTIVITY
 
For the day the FTSE 100 closed at 7,579.28  up with +0.16% percent or +12.14 point. France’s CAC 40 closed at 5,516.74 with a loss of  -0.27% percent or  –14.67 point. Germany’s DAX closed at 12,901.70  with a loss of  -0.36% percent or -46.44 point.

WORLD MARKETS

For the day the Dow is trading at 24,357.32 up with +0.39% percent or +94.81 point. The S&P 500 is trading at 2,672.63 with up +0.35% percent or +9.21 point. The Nasdaq Composite is trading at 7,265.21 up  with +0.77% percent or +55.60 point.

In other parts of world, Japan’s Nikkei 225 is trading at 22,508.69 up with +0.18% percent or +41.53 point. Hong Kong’s Hang Seng is trading at 30,402.81 up  with +1.36% percent or +408.55 point. China’s Shanghai Composite is trading at 3,161.50 up with +0.79% percent or +24.85 point. India’s BSE Sensex is trading at 35,221.50 up with +0.036% percent or +12.69  point at 12:15 PM.

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