UK PRE MARKET
The FTSE 100 Futures is trading at 7,728.00 up with +0.65% percent or +50.00 point. The CAC 40 Futures is trading at 5,457.56 with a loss of –0.062% percent or –3.38 point . The DAX Futures is trading at 12,890.50 up with +0.79% percent or +101.00 point . The EURO Stoxx 50 Futures is trading at 3,472.00 up with +0.49% percent or + 17.00 point.
TODAY’S FACTORS AND EVENTS
London stocks regained some ground on Wednesday as commodity stocks were boosted by a weaker dollar, encouraging sounds from China-US trade talks and the euro spiking on hawkish comments out of the European Central Bank.
The FTSE 100 added 25.57 points or 0.33% to hit 7,712.37, despite the pressure from higher sterling, which was up 0.18% against the dollar at 1.3414.
Some progress was emerging from US-China trade talks, with Beijing offering to buy $70bn worth of US goods in exchange for having no further tariffs imposed on Chinese imports, with the White House working on a deal to allow tech giant ZTE to resume operations and perhaps also calling off the planned tariffs on Chinese goods.
For the day the Dow is trading at 25,098.44 with +1.20% percent or +298.46 point. The S&P 500 is trading at 2,766.96 up with +0.66% percent or +18.16 point. The Nasdaq Composite is trading at 7,675.60 up with +0.49% percent or +37.74 point.
In other parts of world, Japan’s Nikkei 225 is trading at 22,625.73 up with +0.38% percent or +86.19 point. Hong Kong’s Hang Seng is trading at 31,259.10 up with +0.53% percent or +165.65 point. China’s Shanghai Composite is trading at 3,115.18 up with +0.031% percent or +0.97 point. India’s BSE Sensex is trading at 35,178.88 up with +0.79% percent or 275.67 point at 12:15 PM.