FTSE Futures Morning Update on 18 October

The FTSE 100 Futures is trading at 7,014.20  with a loss of -0.42% percent or -29.80 point. The CAC 40 Futures is trading at 5,144.00 with a loss of -0.16% percent or -8.00 point The DAX Futures is trading at 11,692.00  with  a loss of  -0.16% percent or -19.00 point. The EURO Stoxx 50 Futures trading at 3,233.00 with 0.00% percent or 0.00 point.

TODAY’S FACTORS AND EVENTS

London stocks were set to edge up a little at the open on Thursday as investors mulled hawkish minutes from the Federal Reserve and eyed the latest UK retail sales data.

The FTSE 100 was called to open six points higher at 7,060.

Investors in Europe will be digesting the latest minutes from the Federal Reserve out late on Wednesday, which showed members were broadly in agreement about the need to lift borrowing costs.

Whilst the minutes were always expected to have a hawkish slant, the Fed leaning towards more rate hikes moving forwards, made an already jittery market more nervous,” said London Capital Group analyst Jasper Lawler, noting that US indices sank following the release, although they did close off their lows.

PREVIOUS DAY ACTIVITY

For the day the FTSE 100 closed at 7,048.43   with  a loss of -0.087% percent or -6.17 point. France’s CAC 40 closed at 5,144.95  with a loss of -0.54% percent or  -28.09 point. Germany’s DAX closed at 11,715.03  with a loss of -0.52% percent or -61.52 point.

WORLD MARKETS

For the day the Dow is trading at 25,706.68  with  a loss of -0.36% percent or  -91.74 point. The S&P 500 is trading at 2,809.21 with a loss of  -0.025% percent or -0.71 point. The Nasdaq Composite is trading at 7,642.70 with a loss of -0.036% percent or -2.79 point.

In other parts of world, Japan’s Nikkei 225 is trading at 22,658.16  with a loss of -0.80% percent or -182.96  point. Hong Kong’s Hang Seng is trading at 25,340.63    with a loss of -0.48% percent or -121.63 point. China’s Shanghai Composite is trading at 2,486.42  with a loss of  -2.94% percent or -75.20 point. India’s BSE Sensex is trading at 34,779.58   with a loss of -1.09% percent or -382.90  point at 12:15 PM.

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