The FTSE 100 Futures is trading at 7,267.20 up with +0.11% percent or +8.20 point. The CAC 40 Futures is trading at 5,292.80 with a loss of -1.51% percent or -81.20 point. The DAX Futures is trading at 12,060.50 with a loss of -0.34% percent or -41.50 point. The EURO Stoxx 50 Futures trading at 3,344.00 with a loss of -0.27% percent or -9.00 point.
TODAY’S FACTORS AND EVENTS
London stocks were set to drop at the open on Thursday as investors digest news that US President Trump has declared a national emergency to protect US computer networks from “foreign adversaries” – a move widely seen as targeting China’s Huawei.
CMC Markets analyst Michael Hewson said this paves the way for a ban on China’s biggest telecoms provider.
“This executive order appears to have curbed some of the exuberance of the late rebound in stocks yesterday with Asia markets reacting much more cautiously,” he said.
“While the suspension of auto tariffs is welcome it certainly doesn’t mean that President Trump can’t create ripples in other ways, and this is reflected in the more mixed reaction amongst Asia markets. This in turn is expected to translate into a lower European open later this morning.”
PREVIOUS DAY ACTIVITY
For the day the Dow is trading at 25,648.02 up with +0.45% percent or +115.97 point. The S&P 500 is trading at 2,850.96 up with +0.58% percent or +16.55 point. The Nasdaq Composite is trading at 7,822.15 up with +1.13% percent or +87.65 point.
In other parts of world, Japan’s Nikkei 225 is trading at 21,062.98 with a loss of -0.59% percent or -125.58 point. Hong Kong’s Hang Seng is trading at 28,341.68 up with +0.26% percent or +72.97 point. China’s Shanghai Composite is trading at 2,955.71 up with +0.58% percent or +17.03 point. India’s BSE Sensex is trading at 37,114.61 with a loss of -0.00073% percent or -0.27 point at 12:15 PM.