UK PRE MARKET
The FTSE 100 Futures is trading at 7,505.00 with a loss of -0.09% percent or -7.00 point. The CAC 40 Futures is trading at 5,516.20 with a loss of -0.04% percent or -2.30 point . The DAX Futures is trading at 12,351.50 with a loss of -0.61% percent or -76.00 point . The EURO Stoxx 50 Futures is trading at 3,414.00 with a loss of -0.64% percent or -22.00 point.
TODAY’S FACTORS AND EVENTS
London stocks are expected to edge lower in early trade on Friday, after a mixed session in Asia but a positive day for Wall Street.
The FTSE 100 was being called around 15 points lower, having finished at 7,545.44 the day before. Sterling remained soft against the dollar at 1.3076 and little moved against the euro at 1.1239.
Overnight, US stocks had ended a multi-session losing streak, helped by some robust economic data. This was a “relief rally” as the Federal Reserve’s actions kick in, said Jasper Lawler, market analyst at London Capital Group, as the markets adjust to the new higher interest rate economy, with solid durable goods data and treasury yields falling from recent highs.
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 26,439.93 up with +0.21% percent or +54.65 point. The S&P 500 is trading at 2,914.00 up with +0.28% percent or +8.03 point. The Nasdaq Composite is trading at 8,041.97 up with +0.65% percent or +51.60 point.
In other parts of world, Japan’s Nikkei 225 is trading at 24,120.04 up with +1.36% percent or +323.30 point. Hong Kong’s Hang Seng is trading at 27,726.89 up with 0.040% percent or +11.22 point. China’s Shanghai Composite is trading at 2,821.35 up with +1.06% percent or +29.58 point. India’s BSE Sensex is trading at 36,399.09 up with +0.21% percent or +74.92 point at 12:15 PM.