FTSE Futures Morning Update on 22 November

The FTSE 100 Futures is trading at 7,050.20 up with +0.23% percent or +16.20 point. The CAC 40 Futures is trading at 4,947.50 with a loss of -0.07% percent or -3.50 point The DAX Futures is trading at 11,237.20  up with  +0.08% percent or +8.70 point. The EURO Stoxx 50 Futures trading at 3,137.00  with a loss of -0.10% percent or -3.00 point.

TODAY’S FACTORS AND EVENTS

The pan-European Stoxx 600 finished provisionally up 1.2 percent during the day’s deals, with all sectors and major bourses in positive territory.

Europe’s banking index was among the top performers Wednesday morning, up almost 2 percent amid support from Italy’s notoriously fragile lenders. Banco BPM, Ubi Banca and Intesa Sanpaolo all surged higher amid reports the country’s Deputy Prime Minister, Matteo Salvini, could be prepared to review the government’s 2019 budget.

However, the European Union has since announced it will look to sanction Italy with a fine if the country continues to refused to submit a budget proposal that abides by its rules.

Looking at individual stocks, hospital chain NMC Health rose towards the top of the European benchmark during mid-morning deals. It comes after J.P. Morgan raised its stock recommendation to “overweight” from “neutral.” Shares of the London-listed firm rose 8.4 percent.

PREVIOUS DAY ACTIVITY

For the day the FTSE 100 closed at 7,050.23  up with +1.47% percent or +102.31 point. France’s CAC 40 closed at 4,975.50  up with +1.03% percent or +50.61 point. Germany’s DAX closed at 11,244.17 up with  +1.61% percent or  +177.76 point.

WORLD MARKETS

For the day the Dow is trading at 24,464.69  with a loss of 0.0039% percent or  ?0.95 point. The S&P 500 is trading at 2,649.93 up with +0.30% percent or +8.04 point. The Nasdaq Composite is trading at 6,972.25  up with +0.92% percent or +63.43  point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,646.55 up with +0.65% percent or+139.01 point. Hong Kong’s Hang Seng is trading at 26,067.30 up with +0.38% percent or +94.08 point. China’s Shanghai Composite is trading at 2,645.43  with a loss of -0.23% percent or  -6.07 point. India’s BSE Sensex is trading at 35,179.41  with a loss of -0.053% percent or -18.80 point at 12:15 PM.

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