FTSE Futures Morning Update on 27 December

The FTSE 100 Futures is trading at 6,653.50 up with +0.67% percent or +44.50 point. The CAC 40 Futures is trading at 4,687.50 up with+1.44% percent or +66.50  point. The DAX Futures is trading at 10,652.50 up with +1.46% percent or +153.00 point. The EURO Stoxx 50 Futures trading at 2,983.50  up with +1.07% percent or +31.50 point.

TODAY’S FACTORS AND EVENTS

As traders reached for the mince pies and eggnog, the Santa rally failed to materialise on Christmas Eve, with stocks in London suffering their worst close in more than two years as global growth concerns, Sino-US relations and Brexit woes continued to plague investors.

Equity markets had taken their cue from heavy losses on Wall Street on Friday, as investors fretted about global economic growth and the temporary US government shutdown, with the Nasdaq officially entering bear market territory as it traded down 22% from its highs at the end of August.

PREVIOUS DAY ACTIVITY

For the day the FTSE 100 closed at 6,685.99  with a loss of -0.52% percent or -35.18 point. France’s CAC  40 closed at 4,626.39  with a loss of – 1.45% percent or -67.99 point. Germany’s DAX closed at 10,633.82 up with +0.21% percent or +22.72 point.

WORLD MARKETS

For the day the Dow is trading at 22,878.45  up with +4.98% percent or +1,086.25 point. The S&P 500 is trading at 2,467.70 up with  +4.96% percent or +116.60 point. The Nasdaq Composite is trading at 6,554.36  up with +5.84% percent or +361.44 point.

In other parts of world, Japan’s Nikkei 225 is trading at 20,077.62  up with +3.88% percent or +750.56 point. Hong Kong’s Hang Seng is trading at 25,557.57   with a loss of -0.37% percent or -93.81 point. China’s Shanghai Composite is trading at 2,483.09  with a loss of -0.61% percent or  -15.21 point. India’s BSE Sensex is trading at 35,908.16  with up +0.72% percent or +258.22 point at 12:15 PM.