FTSE Futures Morning Update on 20 May 2019

The FTSE 100 Futures is trading at 7,341.20  up with +0.18% percent or +13.50 point. The CAC 40 Futures is trading at 5,366.00  up with +0.23% percent or +12.50 point. The DAX Futures is trading at 12,232.00 up with +0.22% percent or +26.30 point. The EURO Stoxx 50 Futures trading at 3,396.00 up with +0.24% percent or +8.00 point.

TODAY’S FACTORS AND EVENTS

In a research note sent to clients, economists at Bank of America-Merrill Lynch said they were now assuming that Brexit would remain unresolved by end-2020 and that the brinkmanship between Beijing and Washington would last at least until the end of June.

Because of the former, they no longer foresaw a so called “Brexit deal dividend” – or acceleration in growth into mid-2020 – although an “eventual” resolution of the US-China talks would allow a degree of recovery in economic growth during the following year.

UK GDP growth in 2020 was now seen half a percentage point lower, at 1.1%, but BofA-ML bumped-up its projection for 2019 from 1.1% to 1.4% on the back of the stronger-than-expected pace of expansion seen over the first three months of the year.

PREVIOUS DAY ACTIVITY

For the day the FTSE 100 closed at 7,348.62 with a loss of -0.066% percent or -4.89 point. France’s CAC  40 closed at 5,438.23 with a loss of -0.18% percent or -9.87 point. Germany’s DAX closed at 12,238.94  with a loss of -0.58% percent or –71.43  point.

WORLD MARKETS

For the day the Dow is trading at 25,764.00 with a loss of -0.38% percent or -98.68   point. The S&P 500 is trading at 2,859.53 with a loss of -0.58% percent or -16.79 point. The Nasdaq Composite is trading at 7,816.28 with a loss of -1.04% percent or -81.76 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,301.73 up with +0.24% percent or +51.64 point. Hong Kong’s Hang Seng is trading at 27,763.39 with a loss of -0.66% percent or -178.29   point. China’s Shanghai Composite is trading at 2,855.45  with a loss of -0.93% percent or -26.84 point. India’s BSE Sensex is trading at 38,949.72 up with +2.69% percent or +1,018.95 point at 12:15 PM.