UK PRE MARKET
The FTSE 100 Futures is trading at 7,478.50 with a loss of -0.18% percent or -13.50 point. The CAC 40 Futures is trading at 5,279.12 with a loss of -0.050% percent or -2.63 point . The DAX Futures is trading at 12,161.50 with a loss of -0.56% percent or -68.50 point . The EURO Stoxx 50 Futures is trading at 3,348.00 with a loss of -0.48% percent or -16.00 point.
TODAY’S FACTORS AND EVENTS
London stocks were set to rise at the open on Wednesday, taking their cue from a positive session in the US as oil prices rally.
The FTSE 100 was called to open 32 points higher at 7,569.
London Capital Group analyst Jasper Lawler said: “Oil was a central driving force behind the positive close on Wall Street overnight, amid reports that supply disruptions are expected to outweigh the impact of the recently agreed OPEC increase in production. An earlier pledge by Saudi Arabia to lift production to a record was shrugged off by the markets, as the US pressed allies to cut Iranian oil imports to zero by early November.
For the day the Dow is trading at 24,283.11 up with +0.12% percent or +30.31 point. The S&P 500 is trading at 2,723.06 up with +0.22% percent or +5.99 point. The Nasdaq Composite is trading at 7,561.63 up with +0.39% percent or +29.62 point.
In other parts of world, Japan’s Nikkei 225 is trading at 22,271.77 with a loss of – 0.31% percent or -70.23 point. Hong Kong’s Hang Seng is trading at 28,362.09 with a loss of -1.80% percent or -519.31 point. China’s Shanghai Composite is trading at 2,813.18 with a loss of -1.10% percent or -31.33 point. India’s BSE Sensex is trading at 35,252.78 with a loss of -0.67% percent or -237.26 point at 12:15 PM.