UK PRE MARKET
The FTSE 100 Futures is trading at 7,772.00 with a loss of -0.21% percent or -16.50 point. The CAC 40 Futures is trading at 5,528.46 up with +1.39% percent or +75.74 point . The DAX Futures is trading at 13,137.00 up with +0.05% percent or +6.00 point . The EURO Stoxx 50 Futures is trading at 3,536.00 up with +0.11% percent or +4.00 point.
TODAY’S FACTORS AND EVENTS
London stocks climbed back to their feet on Friday afternoon along with continental peers after the European Central Bank said it was unlikely to raise rates before autumn next year.
The FTSE 100 finished up 0.8% at 7,765.79, reversing course from an earlier decline of 0.7% as the mining sector recovered and investors digested better-than-expected UK retail sales data and a hawkish Fed update overnight.
While the ECB said it would end quantitative easing by December, which was largely expected to be announced next month, the Governing Council surprised with a policy statement stating that interest rates would “remain at their present levels at least through the summer of 2019 and in any case for as long as necessary to ensure that the evolution of inflation remains aligned with the current expectations of a sustained adjustment path.”
For the day the Dow is trading at 25,175.31 with a loss of –0.10% percent or –25.89 point. The S&P 500 is trading at 2,782.49 with +0.25% percent or +6.86 point. The Nasdaq Composite is trading at 7,761.04 up with +0.85% percent or +65.34 point.
In other parts of world, Japan’s Nikkei 225 is trading at 22,851.75 up with +0.50% percent or +113.14 point. Hong Kong’s Hang Seng is trading at 30,399.38 with a loss of –0.13% percent or –40.79 point. China’s Shanghai Composite is trading at 3,022.93 with a loss of –0.70% percent or –21.23 point. India’s BSE Sensex is trading at 35,543.18 with a loss of –0.16% percent or –56.64 point at 12:15 PM.