FTSE Futures Morning Update on 13 May 2019

The FTSE 100 Futures is trading at 7,175.00  with a loss of -0.94% percent or -68.20 point. The CAC 40 Futures is trading at 5,274.50 up with +0.29% percent or +15.00 point. The DAX Futures is trading at 12,083.50   with a loss of -1.00% percent or -122.50 point. The EURO Stoxx 50 Futures trading at 3,334.00 with a loss of -0.83% percent or -28.00 point.

TODAY’S FACTORS AND EVENTS

CMC Markets market analyst David Madden noted that equity markets had largely been in positive territory, but were now looking to be edging lower as the “feel-good factor” in relation to the US-China trade situation started to wear-off.

“The bounce in Asian markets overnight influenced European dealers ,and now that it is dawning on investors that the US-China standoff is far from over, and things are likely to get worse before they get better.”

On home shores, investors digested data from the Office for National Statistics showing that the UK economy grew 0.5% in the first quarter, as expected, and up from 0.2% growth in the final quarter of last year.

PREVIOUS DAY ACTIVITY

For the day the FTSE 100 closed at 7,203.29 with a loss of -0.057% percent or -4.12 point. France’s CAC  40 closed at 5,327.44  up with +0.27% percent or +14.29 point. Germany’s DAX closed at 12,059.83 up with +0.72% percent or +85.91 point.

WORLD MARKETS

For the day the Dow is trading at 25,942.37  up with +0.44% percent or +114.01    point. The S&P 500 is trading at 2,881.40 up with +0.37% percent or +10.68 point. The Nasdaq Composite is trading at 7,916.94  up wilth  +0.080% percent or +6.35 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,191.28 with a loss of -0.72% percent or -153.64 point. Hong Kong’s Hang Seng is trading at 28,550.24 up with +0.84% percent or +239.17   point. China’s Shanghai Composite is trading at 2,899.77  with a loss of -1.34% percent or -39.44 point. India’s BSE Sensex is trading at 37,460.92  with a loss of -0.0055% percent or -2.07 point at 12:15 PM.