UK PRE MARKET
The FTSE 100 Futures is trading at 7,560.50 with a loss of -0.28% percent or -21.00 point. The CAC 40 Futures is trading at 5,471.77 with a loss of -0.55% percent or -30.11 point . The DAX Futures is trading at 12,930.00 with a loss of -0.65% percent or -85.00 point . The EURO Stoxx 50 Futures is trading at 3,484.00 with a loss of -0.54% percent or -19.00 point.
TODAY’S FACTORS AND EVENTS
London stocks were set to edge tentatively higher on Monday, with worries about a trade war and the political situation in Germany likely to keep investors cautious.
The FTSE 100 was called to open eight points higher at 7,642.
London Capital Group analyst Jasper Lawler said: “China responding in kind, on Friday, to Trump’s $50bon worth of tariffs on Chinese imports, by hitting US commodities with import pledges is unnerving investors. The tit for tat response is putting the two powers a step closer to an all-out global trade war.
“Investors will now be watching carefully for Trump’s response with further measures expected. The overriding concern here is how this is going to escalate with potential fallout being a slowdown in world trade and a drop-in business sentiment. Up until now we have seen investors escape into US tech stocks but that may be starting to run its course.”
For the day the Dow is trading at 25,090.48 with a loss of -0.34% percent or -84.83 point. The S&P 500 is trading at 2,779.66 with a loss of -0.10% percent or -2.83 point. The Nasdaq Composite is trading at 7,746.38 with a loss of 0.19% percent or -14.66 point.
In other parts of world, Japan’s Nikkei 225 is trading at 22,680.33 with a loss of -0.75% percent or -171.42 point. Hong Kong’s Hang Seng is trading at 30,309.49 with a loss of -0.43% percent or -130.68 point. China’s Shanghai Composite is trading at 3,021.90 with a loss of -0.73% percent or -22.26 point. India’s BSE Sensex is trading at 35,607.38 with a loss of -0.041% percent or -14.76 point at 12:15 PM.