FTSE Futures Morning Update on 11 March 2019

The FTSE 100 Futures is trading at 7,066.20  with a loss of -0.64% percent or -45.80 point. The CAC 40 Futures is trading at 5,240.00 up with +0.17% percent or +9.00 point. The DAX Futures is trading at  11,500.30 up with +0.30%  percent or +34.80  point. The EURO Stoxx 50 Futures trading at 3,216.00 up with +0.41% percent or +13.00 point.

TODAY’S FACTORS AND EVENTS

London stocks were walloped on Friday, as the latest US jobs data popped a nasty surprise on unsuspecting traders and with miners under the cosh following the release of disappointing Chinese trade data and amid reports that a US-China trade deal is not imminent.

According to the US Department of Labor, non-farm payrolls in the States increased by 20,000 last month (consensus: 180,000) after a bumper 311,000 jump in January.

But Ian Shepherdson at Pantheon Macroeconomics dismissed the weak jobs number as payback for the outsized gain in January, pointing instead to the 3.4% year-on-year gain in average hourly earnings – a new cycle high – which he said belied the strength of the jobs market.

PREVIOUS DAY ACTIVITY

For the day the FTSE 100 closed at 7,104.31   with a loss of -0.74% percent or -53.24 point. France’s CAC  40 closed at 5,231.22 with a loss of -0.70% percent or -36.69 point. Germany’s DAX closed at 11,457.84 with a loss of -0.52% percent or -59.96 point.

WORLD MARKETS

For the day the Dow is trading at 25,450.24 with a loss of -0.090% percent or -22.99 point. The S&P 500 is trading at 2,743.07 with a loss of -0.21% percent or -5.86 point. The Nasdaq Composite is trading at 7,408.14  with a loss of -0.18% percent or -13.32 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,125.09  up with +0.47% percent or +99.53 point. Hong Kong’s Hang Seng is trading at 28,451.14  up with +0.79% percent or +222.72  point. China’s Shanghai Composite is trading at 3,026.99  up with +1.92% percent or +57.13 point. India’s BSE Sensex is trading at 36,985.62  up with +0.86% percent or +314.19 point at 12:15 PM.

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