UK PRE MARKET
The FTSE 100 Futures is trading at 7,598.00 up with +0.82% percent or +62.00 point. The CAC 40 Futures is trading at 5,390.63 with a loss of -1.10% percent or -59.84 point . The DAX Futures is trading at 12,738.50 up with +0.50% percent or +63.50 point . The EURO Stoxx 50 Futures is trading at 3,447.00 up with +0.58% percent or +20.00 point.
TODAY’S FACTORS AND EVENTS
London stocks were set for a positive open on Wednesday following losses in the previous session, although trade war fears were expected to continue to weigh on investors’ minds.
The FTSE 100 was called to open 35 points higher at 7,638.
London Capital Group analyst Jasper Lawler said: “The markets have been trading on the same piece of general trade war news for a while, as a result selling exhaustion has started to set in. Asian markets are seen moving higher overnight and European bourses are also expected to push northwards on the open, although the gains are making up fraction of what the losses totalled over the previous few sessions. Any fresh news of retaliation could see traders snatch risk back off the table quickly.”
For the day the Dow is trading at 24,700.21 with a loss of -1.15% percent or -287.26 point. The S&P 500 is trading at 2,762.59 with a loss of -0.40% percent or -11.16 point. The Nasdaq Composite is trading at 7,725.58 with a loss of -0.28% percent or -21.44 point.
In other parts of world, Japan’s Nikkei 225 is trading at 22,555.43 up with +1.24% percent or +276.95 point. Hong Kong’s Hang Seng is trading at 29,718.61 up with +0.85% percent or +250.46 point. China’s Shanghai Composite is trading at 2,915.73 up with +0.27% percent or +7.91 point. India’s BSE Sensex is trading at +35,522.94 up with 0.67% percent or +236.20 point at 12:15 PM.