FTSE Futures Morning Update on 28 December

The FTSE 100 Futures is trading at 6,596.20 up with +0.02% percent or +1.20 point. The CAC 40 Futures is trading at 4,652.50 up with+0.63% percent or +29.00  point. The DAX Futures is trading at 10,452.00  with a loss of -0.16% percent or -16.50 point. The EURO Stoxx 50 Futures trading at 2,953.50   with a loss of  -0.20% percent or -6.00 point.

TODAY’S FACTORS AND EVENTS

Stocks in the US had rallied on the back of Mastercard data showing that sales during the holiday season rose the most in six years in 2018 and after Kevin Hassett, chairman of the White House Council of Economic Advisers, affirmed that Fed chairman Jerome Powell’s job was ‘100% safe’.

However, the buoyant mood didn’t last long and stocks in the UK quickly moved lower in line with US futures and then US stocks, as investors across the pond stepped in to take some profits. At the same time, weak US consumer confidence data and renewed worries about Sino-US relations also weighed on Wall Street equities.

PREVIOUS DAY ACTIVITY

For the day the FTSE 100 closed at 6,584.68  with a loss of  -1.52% percent or -101.31 point. France’s CAC  40 closed at 4,598.61  with a loss of – 0.60% percent or -27.77 point. Germany’s DAX closed at 10,381.51  with a loss of -2.37% percent or -252.31 point.

WORLD MARKETS

For the day the Dow is trading at 23,138.82  up with +1.14% percent or +260.37 point. The S&P 500 is trading at 2,488.83 up with  +0.86% percent or +21.13 point. The Nasdaq Composite is trading at 6,579.49  up with +0.38% percent or +25.14 point.

In other parts of world, Japan’s Nikkei 225 is trading at 20,014.77   with a loss of -0.31% percent or -62.85 point. Hong Kong’s Hang Seng is trading at 25,492.03  up with +0.052% percent or +13.15 point. China’s Shanghai Composite is trading at 2,490.35  up with +0.29% percent or  +7.17 point. India’s BSE Sensex is trading at 36,148.97  with up +0.95% percent or +341.69 point at 12:15 PM.