FTSE Futures Morning Update on 08 March 2019

The FTSE 100 Futures is trading at 7,107.00  with a loss of -0.40% percent or -28.30 point. The CAC 40 Futures is trading at 5,252.50 with a loss of -0.66% percent or -35.00 point. The DAX Futures is trading at 11,446.80  with a loss of -0.42%  percent or -47.90  point. The EURO Stoxx 50 Futures trading at 3,288.00 with a loss of -0.42% percent or -14.00 point.

TODAY’S FACTORS AND EVENTS

As the central bank unveiled a third round of ‘quarterly targeted longer-term refinancing operations’ to run from September 2019 to March 2021, President Mario Draghi said the impact of a mix of factors from overseas, together with country and sector-specific ones, was turning out to be longer-lasting than had been expected, although it was expected to unwind.

“In a dark room you move with tiny steps – you don’t run but you do move,” the Italian said, referring to the ECB’s efforts to provide markets with guidance despite the economic uncertainty, refelcted by the ECB cutting its forecast for eurozone growth of 1.1% this year from the 1.7% prediction made in December.

PREVIOUS DAY ACTIVITY

For the day the FTSE 100 closed at 7,157.55   with a loss of -0.53% percent or -38.45 point. France’s CAC  40 closed at 5,267.92 with a loss of -0.39% percent or -20.89 point. Germany’s DAX closed at 11,517.80 with a loss of -0.60% percent or -69.83 point.

WORLD MARKETS

For the day the Dow is trading at 25,473.23 with a loss of -0.78% percent or -200.23 point. The S&P 500 is trading at 2,748.93  with a loss of -0.81% percent or -22.52 point. The Nasdaq Composite is trading at 7,421.46  with a loss of -1.13% percent or -84.46  point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,025.56  with a loss of -2.01% percent or -430.45 point. Hong Kong’s Hang Seng is trading at 28,280.93  with a loss of -1.73% percent or -498.52  point. China’s Shanghai Composite is trading at 2,978.24   with a loss of -4.13% percent or -128.18 point. India’s BSE Sensex is trading at 36,708.7  with a loss of -0.045% percent or -16.66 point at 12:15 PM.