FTSE Futures Morning Update on 06 December

The FTSE 100 Futures is trading at 6,862.00  with a loss of  -0.79% percent or -54.80 point. The CAC 40 Futures is trading at 4,933.50  with a loss of -1.40% percent or -70.00 point The DAX Futures is trading at 11,045.50  with a loss of -1.30% percent or -145.50  point. The EURO Stoxx 50 Futures trading at 3,141.00  with a loss of -1.35% percent or -43.00  point.

TODAY’S FACTORS AND EVENTS

The government was defeated on two contempt of Parliament motions for not publishing the full legal advice on the withdrawal agreement and MPs approved an amendment from Tory backbencher Dominic Grieve to give them a greater say if the Brexit proposal is defeated in next week’s meaningful vote.

Yet the pound found some support as May’s defeats in Parliament cut the chances of a no-deal Brexit and boosted the prospect of a second referendum. Traders also pointed to a note by JPMorgan, which upped its odds on the possibility of Britain remaining in the EU to 40%from 20%. JPM also said it now sees the chances of a no-deal Brexit at 10%, reduced from 20%, and an orderly Brexit at 50% now versus 60% before.

PREVIOUS DAY ACTIVITY

For the day the FTSE 100 closed at 6,921.84  with a loss of – 1.44% percent or -100.92 point. France’s CAC 40 closed at 4,944.37 with a loss of -1.36% percent or -68.28 point. Germany’s DAX closed at 11,200.24  with a loss of -1.19% percent or  -135.08 point.

WORLD MARKETS

For the day the Dow is trading at 25,027.07with a loss of -3.10% percent or -799.36 point. The S&P 500 is trading at 2,700.06 with a loss of – 3.24% percent or -90.31 point. The Nasdaq Composite is trading at 7,158.43   with a loss of  -3.80% percent or -283.09 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,501.62 with a loss of -1.91% percent or -417.71 point. Hong Kong’s Hang Seng is trading at 26,098.07  with  a loss of -2.69% percent or -721.61 point. China’s Shanghai Composite is trading at 2,605.18 with  a loss of -1.68%  percent or  -44.62 point. India’s BSE Sensex is trading at 35,556.84  with a loss of  -0.90% percent or -322.53 point at 12:15 PM.