FTSE Futures Morning Update on 31 October

The FTSE 100 Futures is trading at 7,072.20 up with +0.73% percent or +51.20 point. The CAC 40 Futures is trading at 5,017.20 up with +0.64% percent or +31.70 point The DAX Futures is trading at 11,396.50  up with +0.86% percent or +97.50 point. The EURO Stoxx 50 Futures trading at 3,163.00 up  with 0.00% percent or 0.00 point.

TODAY’S FACTORS AND EVENTS

London stocks wobbled late on but managed to end Tuesday a little higher, helped along by solid earnings from BP and a housebuilding sector rally.

The FTSE 100 closed up 0.14% to 7,035.85, helped as the pound dropped below $1.28 to a 10-week low, trading down 0.66% against the dollar to 1.27094 and by 0.51% lower versus the euro to 1.1192 as investors continued to digest Monday’s Budget.

Sterling fell against the dollar amid strong US consumer confidence data and ongoing Brexit concerns, highlighted by a report from credit agency S&P that warned a no-deal exit would be likely to tip the UK into a recession.

PREVIOUS DAY ACTIVITY

For the day the FTSE 100 closed at 7,035.85 up with +0.14% percent or +9.53 point. France’s CAC 40 closed at 4,978.53 with a loss of -0.22% percent or  -10.82 point. Germany’s DAX closed at 11,287.39  up with +0.42% percent or  +48.09 point.
 

WORLD MARKETS

For the day the Dow is trading at 24,874.64  up with +1.77% percent or  +431.72 point. The S&P 500 is trading at 2,682.63 up with +1.57% percent or +41.38 point. The Nasdaq Composite is trading at 7,161.65 up with +1.58% percent or +111.36 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,920.46 up with +2.16% percent or +463.17 point. Hong Kong’s Hang Seng is trading at 24,853.95  up with +1.09% percent or +268.42 point. China’s Shanghai Composite is trading at 2,602.78 up  with +1.35% percent or  +34.74 point. India’s BSE Sensex is trading at 33,961.56 up with +0.21% percent or +70.43 point at 12:15 PM.