FTSE Futures Morning Update on 21 August

UK PRE MARKET

The FTSE 100 Futures is trading at 7,566.80  with a loss of -0.20% percent or  -15.20 point. The CAC 40 Futures is trading at 5,379.65  up with +0.65% percent or +34.72 point . The DAX Futures is trading at 12,312.50  with a loss of  -0.14% percent or  -17.50 point . The EURO Stoxx 50 Futures is trading at 3,355.00  with a loss of -0.15% percent or  -5.00 point.

TODAY’S FACTORS AND EVENTS

The FTSE 100 suffered a fifth consecutive day of decline as the emerging markets sell-off intensified and copper prices plunged into a bear market.

Slowing Chinese growth, the rising safe haven appeal of the dollar, trade war worries and an emerging markets wobble combined to send the blue chip index sliding to a four-month low.

Fears that the Turkish lira crisis could infect the other countries in the so-called “fragile five” – Brazil, India, Indonesia and South Africa – sparked a rout on currency and metal markets.

The South African rand led the emerging markets sell-off, dropping more than 3pc against the dollar, while Indonesia’s central bank lifted interest rates for a fourth time in as many months to stave off a currency crisis.

PREVIOUS DAY ACTIVITY

 
For the day the FTSE 100 closed at 7,591.26 up with +0.43% percent or +32.67 point. France’s CAC 40 closed at 5,379.65 up with +0.65% percent or +34.72 point. Germany’s DAX closed at 12,331.30 up with +0.99% percent or +120.75 point.

WORLD MARKETS

For the day the Dow is trading at 25,758.69 up  with +0.35% percent or +89.37 point. The S&P 500 is trading at 2,857.05  up with +0.24% percent or +6.92 point. The Nasdaq Composite is trading at 7,774.12 up with +0.060% percent or +4.68 point.

In other parts of world, Japan’s Nikkei 225 is trading at 22,219.73 up with +0.093% percent or +20.73 point. Hong Kong’s Hang Seng is trading at 27,681.15 up with +0.30% percent or +83.13 point. China’s Shanghai Composite is trading at 2,734.23 up with +1.33% percent or  +35.76  point. India’s BSE Sensex is trading at 38,263.51  with a loss of -0.040% percent or -15.24 point at 12:15 PM.