FTSE Futures Morning Update on 24 May 2019

The FTSE 100 Futures is trading at 7,237.30  up with +0.27% percent or +19.80 point. The CAC 40 Futures is trading at 5,281.37  with a loss of -1.81% percent or -97.60 point. The DAX Futures is trading at 12,002.50  up with +0.51% percent or +60.70 point. The EURO Stoxx 50 Futures trading at 3,328.00 up with +0.48% percent or +16.00 point.

TODAY’S FACTORS AND EVENTS

Traders continued to watch the worsening of the trade spat between the US and China, after China’s Commerce Ministry said that talks between the two nations could not continue unless the US addressed its “wrong actions”.

According to a CNBC translation, Ministry of Commerce spokesperson Gao Feng said earlier that “if the US would like to keep on negotiating it should, with sincerity, adjust its wrong actions.

“Only then can talks continue.”

It came as Japanese electronics multinational Panasonic became the latest company to stop doing business with Chinese telecoms behemoth Huawei Technologies in order to comply with US restrictions.

PREVIOUS DAY ACTIVITY

For the day the FTSE 100 closed at 7,231.04 with a loss of -1.41% percent or -103.15 point. France’s CAC  40 closed at 5,281.37  with a loss of -1.81% percent or -97.60 point. Germany’s DAX closed at 11,952.41  with a loss of -1.78% percent or -216.33  point.

WORLD MARKETS

For the day the Dow is trading at 25,490.47 with a loss of -1.11% percent or -286.14  point. The S&P 500 is trading at 2,822.24 with a loss of -1.19% percent or -34.03 point. The Nasdaq Composite is trading at 7,628.28  with a loss of -1.58% percent or -122.56 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,117.22  with a loss of -0.16% percent or -33.92 point. Hong Kong’s Hang Seng is trading at 27,390.77 up with +0.45% percent or +123.64   point. China’s Shanghai Composite is trading at 2,855.55  up with +0.11% percent or +3.04 point. India’s BSE Sensex is trading at 39,094.22 up with +0.73% percent or +282.83 point at 12:15 PM.

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