UK PRE MARKET
The FTSE 100 Futures is trading at 7,705.00 up with +0.46% percent or +35.00 point. The CAC 40 Futures is trading at 5,398.40 with a loss of -0.53% percent or -28.94 point . The DAX Futures is trading at 12,666.50 up with +0.43% percent or +54.50 point . The EURO Stoxx 50 Futures is trading at 3,432.00 up with +0.73% percent or + 25.00 point.
TODAY’S FACTORS AND EVENTS
London stocks are expected to edge higher on Friday despite Wall Street and Asian markets sliding into the red on trade war fears.
The FTSE 100 index was being called 8-9 points higher by traders in the City, prior to the opening bell on the first day of June.
An agreement on a new populist government between the League and Five Star was agreed by President Sergio Mattarrella overnight, with Giuseppe Conte as Prime Minister and the finance ministry brief to be held by Giovanni Tria, a Roman faculty professor who has warned of an implosion of the euro if it isn’t reformed.
For the day the Dow is trading at 24,415.84 with a loss of -1.02% percent or -251.94 point. The S&P 500 is trading at 2,705.27 with a loss of -0.69% percent or -18.74 point. The Nasdaq Composite is trading at 7,442.12 with a loss of -0.27% percent or -20.34 point.
In other parts of world, Japan’s Nikkei 225 is trading at 22,171.35 with a loss of -0.14% percent or -30.47 point. Hong Kong’s Hang Seng is trading at 30,498.30 up with +0.098% percent or +29.74 point. China’s Shanghai Composite is trading at 3,075.14 with a loss of -0.66% percent or -20.34 point. India’s BSE Sensex is trading at 35,321.49 with a loss of – 0.0025% percent or -0.89 point at 12:15 PM.