UK PRE MARKET
The FTSE 100 Futures is trading at 7,552.50 up with +0.27% percent or +20.00 point. The CAC 40 Futures is trading at 5,353.93 with a loss of -1.48% percent or -80.42 point . The DAX Futures is trading at 12,452.00 up with + 0.29% percent or +36.00 point . The EURO Stoxx 50 Futures is trading at 3,426.00 up with +0.29% percent or +36.00point.
TODAY’S FACTORS AND EVENTS
London stocks looked set for a positive open on Thursday following heavy losses in the previous session on the back of renewed trade war concerns.
The FTSE 100 was called to open 25 points higher at 7,616, having fallen 1.3% on Wednesday after US President Trump followed through with his threat to slap tariffs on an additional $200bn worth of Chinese imports.
London Capital Group analyst Jasper Lawler said: “Asian markets ignored the declines on Wall Street overnight, consolidating losses before moving higher, whilst Europe is following suit. The pattern that we’ve seen over the past 24 hours of losses, consolidation, followed by solid moves higher is the same that was witnessed following previous tariff announcements and one we are likely to see when China retaliates. The pattern points to a level of optimism in traders that trade tensions will ease through negotiations going forward.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 24,700.45 with a loss of -0.88% percent or -219.21 point. The S&P 500 is trading at 2,774.02 with a loss of -0.71% percent or -19.82 point. The Nasdaq Composite is trading at 7,716.61 with a loss of – 0.55% percent or -42.59 point.
In other parts of world, Japan’s Nikkei 225 is trading at 22,187.96 up with +1.17% percent or +255.75 point. Hong Kong’s Hang Seng is trading at 28,504.37 up with +0.68% percent or +192.68 point. China’s Shanghai Composite is trading at 2,837.66 up with +2.16% percent or +59.89 point. India’s BSE Sensex is trading at 2,837.66 up with +2.16% percent or +59.89 point at 12:15 PM.