UK PRE MARKET
The FTSE 100 Futures is trading at 7,529.50 up with +0.09% percent or +6.50 point. The CAC 40 Futures is trading at 5,492.00 with a loss of -0.13% percent or -7.00 point . The DAX Futures is trading at 12,914.50 with a loss of –0.03% percent or -3.50 point . The EURO Stoxx 50 Futures is trading at 3,514.00 up with +0.09% percent or -+3.00 point.
TODAY’S FACTORS AND EVENTS
London stocks were set to edge up at the open on Wednesday, with oil prices in focus after US President Trump announced that he was pulling out of the Iran nuclear deal.
The FTSE 100 was called to open eight points higher at 7,573.
CMC Markets analyst David Madden said: “The move will see the reintroduction of sanctions on Iran, and the various aspects of its economy, such as energy, insurance and finance could be targeted. Iran is one of the largest suppliers in OPEC, and traders are fearful the sanctions will weigh on global supply. The oil market has been in an upward trend for nearly eleven months, and given the Iranian development it is likely to continue.”
For the day the Dow is trading at 24,360.21 up with +0.012% percent or +2.89 point. The S&P 500 is trading at 2,671.92 with a loss of -0.027% percent or -0.71 point. The Nasdaq Composite is trading at 7,266.90 up with +0.023% percent or +1.69 point.
In other parts of world, Japan’s Nikkei 225 is trading at 22,408.88 with a loss of -0.44% percent or -99.81 point. Hong Kong’s Hang Seng is trading at 30,458.76 up with +0.18% percent or +55.95 point. China’s Shanghai Composite is trading at 3,159.15 with a loss of -0.074% percent or -2.35 point. India’s BSE Sensex is trading at 35,278.54 up with +0.18% percent or +63.84 point at 12:15 PM.