FTSE Futures Morning Update on 14 March 2019

The FTSE 100 Futures is trading at 7,064.00  with a loss of -82.50 percent or -7,064.00 point. The CAC 40 Futures is trading at 5,296.00  up with +0.50% percent or +26.50 point. The DAX Futures is trading at  11,565.50 with a loss of -0.36%  percent or -41.80  point. The EURO Stoxx 50 Futures trading at 3,238.00  with a loss of -0.34% percent or -11.00 point.

TODAY’S FACTORS AND EVENTS

London stocks edged higher on Wednesday, even as sterling gained amid hopes of an extension to Article 50 and on the back of an unexpectedly positive surprise in the Chancellor’s Spring statement.

By the end of trading, the FTSE 100 was 0.11% higher at 7,159.19, while the pound was 1.13% stronger against the US dollar and climbing 0.96% versus the euro to trade at 1.3222 and 1.1694, respectively, ahead of another Commons vote later on whether to leave the EU with no deal after MPs voted down Theresa May’s Brexit plan on Tuesday night.

Laith Khalaf, senior analyst at Hargreaves Lansdown, said that taking a ‘no deal’ scenario off the table and extending Article 50 would be a tailwind for the pound, at least in the short term.

PREVIOUS DAY ACTIVITY

For the day the FTSE 100 closed at 7,159.19 up with +0.11% percent or +8.04 point. France’s CAC  40 closed at 5,306.38 up with +0.69% percent or ++36.14 point. Germany’s DAX closed at 11,572.41 up with +0.42% percent or +48.24 point.

WORLD MARKETS

For the day the Dow is trading at 25,702.89 with +0.58% percent or +148.23 point. The S&P 500 is trading at 2,810.92 up with +0.69% percent or +19.40 point. The Nasdaq Composite is trading at 7,643.41 up with +0.69% percent or +52.37  point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,287.02 with a loss of -0.015% percent or -3.22 point. Hong Kong’s Hang Seng is trading at 28,755.70   with a loss of -0.18% percent or -51.75  point. China’s Shanghai Composite is trading at 2,977.92   with a loss of -1.62% percent or -49.03 point. India’s BSE Sensex is trading at 37,753.22  up with +0.0028% percent or +7.55  point at 12:15 PM.

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