FTSE Futures Morning Update on 18 March 2019

The FTSE 100 Futures is trading at 7,174.80   up with +0.31% percent or +22.30 point. The CAC 40 Futures is trading at 5,392.20  up with +0.80% percent or +42.70 point. The DAX Futures is trading at  11,714.00 up with +0.06%  percent or +7.20  point. The EURO Stoxx 50 Futures trading at 3,308.00  up with +0.12% percent or +4.00 point.

TODAY’S FACTORS AND EVENTS

By the end of trading, the FTSE 100 was up 0.60% to 7,228.28 as the pound ticked 0.16% higher versus the US dollar to 1.32949 and gained 0.24%versus the euro to 1.1742 after MPs overwhelmingly voted overnight in favour of seeking an extension to the Article 50 deadline.

Any delay to the Brexit process will now need to be agreed by the other 27 EU members, with talks about possible condition for an extension to be held before next week’s EU summit.

May also plans to bring back her deal for a third “meaningful vote” by 20 March. If her deal is approved before the summit in Brussels, she could ask the EU to delay Brexit until 30 June. However, if it’s rejected again, it’s thought an extension of around two years would be required.

PREVIOUS DAY ACTIVITY

For the day the FTSE 100 closed at 7,228.28 up with +0.60% percent or +42.85 point. France’s CAC  40 closed at 5,405.32 up with +1.04% percent or +55.55 point. Germany’s DAX closed at 11,685.69 up with +0.85% percent or +98.22  point.

WORLD MARKETS

For the day the Dow is trading at 25,848.87 up with +0.54% percent or +138.93 point. The S&P 500 is trading at 2,822.48 up with +0.50% percent or +14.00 point. The Nasdaq Composite is trading at 7,688.53 up with +0.76% percent or +57.62 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,584.50 up with +0.62% percent or +133.65 point. Hong Kong’s Hang Seng is trading at 29,298.97  up with +0.99% percent or +286.71  point. China’s Shanghai Composite is trading at 3,094.80  up with +2.42% percent or +73.05 point. India’s BSE Sensex is trading at 38,032.99  up with +0.023% percent or +8.67 point at 12:15 PM.

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