FTSE Futures Morning Update on 28 March 2019

The FTSE 100 Futures is trading at 7,137.50  up with +0.42% percent or +30.00 point. The CAC 40 Futures is trading at 5,314.00  up with +0.32% percent or +17.00 point. The DAX Futures is trading at  11,448.80 with a loss of -0.10% percent or -12.00 point. The EURO Stoxx 50 Futures trading at 3,250.00 with a loss of -0.06% percent or -2.00 point.

TODAY’S FACTORS AND EVENTS

London stocks had reversed earlier gains by midday on Wednesday as sterling pared losses ahead of ‘indicative votes’ on Brexit in Parliament later in the day.

While MPs will take control of the House of Commons for a series of indicative votes on Wednesday afternoon, the Prime Minister was reportedly preparing to bring her Brexit deal for a third vote by the end of the week, if she was able to gain the support of Northern Ireland’s DUP. However, the DUP had said only a day earlier that it favoured a long delay over May’s withdrawal agreement.

May was due to address the backbench 1922 committee at 1700 GMT amid reports that she might set a date for her departure as PM in order to try and win enough votes for the deal.

PREVIOUS DAY ACTIVITY

For the day the FTSE 100 closed at 7,194.19   with a loss of -0.029% percent or -0.06% point. France’s CAC  40 closed at 5,301.24 with a loss of -0.12% percent or -6.13 point. Germany’s DAX closed at 11,419.04  with a loss of -0.0039% percent or -0.44 point.

WORLD MARKETS

For the day the Dow is trading at 25,625.59 with a loss of -0.13% percent or –32.14 point. The S&P 500 is trading at 2,805.37 with a loss of -0.46% percent or -13.09 point. The Nasdaq Composite is trading at 7,643.38  with a loss of -0.63% percent or -48.15 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,033.76 with a loss of -1.61% percent or -344.97 point. Hong Kong’s Hang Seng is trading at 28,793.96 up with +0.23% percent or +65.71  point. China’s Shanghai Composite is trading at 2,992.80  with a loss of -0.99% percent or -29.92 point. India’s BSE Sensex is trading at 38,369.00  up with +0.62% percent or +236.12 point at 12:15 PM.