FTSE Futures Morning Update on 30 May

UK PRE MARKET

The FTSE 100 Futures is trading at 7,623.50 with a loss of  -1.26% percent or -97.00 point. The CAC 40 Futures is trading at 5,438.06 with  a loss of  -1.29% percent or  -70.87 point . The DAX Futures is trading at 12,677.50 up  with  +0.09% percent or +12.00 point . The EURO Stoxx 50 Futures is trading at 3,420.00  up with +0.23%  percent or    + 8.00point.

TODAY’S FACTORS AND EVENTS

Stocks in London were dragged lower by the heavy losses seen on the Continent in the wake of the political uncertainty in Italy and Spain, with fresh elections in the former now considered likely by analysts for after August.

The FTSE 100 finished down 1.26% to 7,632.64, with investor sentiment quite wobbly ahead of fresh elections in Italy and as Spanish Prime Minister Mariano Rajoy faces a vote of confidence in his leadership at the end of week.

In currency markets, sterling was down 0.4% against the dollar at 1.32574, alongside a surge in longer-term Gilt prices as investors sought out the refuge of alternative assets to Italian ones. Meanwhile, the Europeam single currency was trading at a six-and-a-half month low against the greenback, down 0.7% at 1.1550.

PREVIOUS DAY ACTIVITY
 
For the day the FTSE 100 closed at 7,632.64  with a loss of -1.26% percent or -97.64 point. France’s CAC 40 closed at 5,438.06 with a loss of  -1.29% percent or  -70.87 point. Germany’s DAX closed at 12,666.51 with a loss of -1.53% percent or  -196.95 point.

WORLD MARKETS

For the day the Dow is trading at 24,361.45 with a loss of -1.58% percent or -391.64 point. The S&P 500 is trading at 2,689.86  with a loss of  -1.16% percent or -31.47 point. The Nasdaq Composite is trading at 7,396.59 with a loss of -0.50% percent or -37.26 point.

In other parts of world, Japan’s Nikkei 225 is trading at 22,018.52 with a loss of -1.52% percent or -339.91 point. Hong Kong’s Hang Seng is trading at 30,012.90 with a loss of -1.55% percent or  -471.68 point. China’s Shanghai Composite is trading at 3,041.64 with a loss of  -2.53% percent or  -78.82 point. India’s BSE Sensex is trading at 34,852.64 with a loss of -0.27% percent or  -96.04  point at 12:15 PM.

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