FTSE Futures Morning Update on 21 May 2019

The FTSE 100 Futures is trading at 7,314.00  up with +0.36% percent or +26.00 point. The CAC 40 Futures is trading at 5,322.50  up with +0.46% percent or +24.50 point. The DAX Futures is trading at 12,088.80 up with +0.25% percent or +30.10 point. The EURO Stoxx 50 Futures trading at 3,362.00 up with +0.48% percent or +16.00 point.

TODAY’S FACTORS AND EVENTS

London stocks slipped, led lower by weakness in the housebuilding sector, as worries about Brexit and Sino-US relations weighed on investor sentiment.

As far as Brexit is concerned, IG analyst Joshua Mahony said: “For all the talk of a ‘bold’ new Brexit offer from the Prime Minister, the reports that such a deal would include the Northern Ireland backstop are already leading us to believe she will see yet another failed vote next month.

“There is little reason to believe that a new leader would find any greater success in putting together a more attractive deal with the EU, and thus markets are aware that the change of leadership will ensure a no-deal Brexit is on the table as Farage breathes down their neck.”

PREVIOUS DAY ACTIVITY

For the day the FTSE 100 closed at 7,310.88 with a loss of -0.51% percent or -37.74 point. France’s CAC  40 closed at 5,358.59 with a loss of -1.46% percent or -79.64 point. Germany’s DAX closed at 12,041.29  with a loss of -1.61% percent or -197.65  point.

WORLD MARKETS

For the day the Dow is trading at 25,679.90 with a loss of -0.33% percent or -84.10  point. The S&P 500 is trading at 2,840.23 with a loss of -0.67% percent or -19.30 point. The Nasdaq Composite is trading at 7,702.38 with a loss of -1.46% percent or -113.91 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,272.45  with a loss of -0.14% percent or -29.28 point. Hong Kong’s Hang Seng is trading at 27,753.00 with a loss of -0.12% percent or -34.61   point. China’s Shanghai Composite is trading at 2,907.55  up with +1.29% percent or +36.94 point. India’s BSE Sensex is trading at 39,407.05 up with +0.14% percent or +54.38 point at 12:15 PM.

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