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 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.