FTSE Futures Morning Update on 27 May 2019

The FTSE 100 Futures is trading at 7,285.50  up with +0.14% percent or +10.50 point. The CAC 40 Futures is trading at 5,300.50 up with +0.36% percent or +19.00 point. The DAX Futures is trading at 12,057.00  up with +0.15% percent or +17.60 point. The EURO Stoxx 50 Futures trading at 3,354.00 up with +0.30% percent or +10.00 point.

TODAY’S FACTORS AND EVENTS

“The chance of a no-deal Brexit has only increased, be it either through the UK bungling out of the EU because it can’t get its house in order, or because the Tories will appoint a hardline Brexiter as leader following the mass defection of voters to Nigel Farage’s Brexit Party during the European elections,” he said.

Meanwhile, Samuel Tombs, chief UK economist at Pantheon Macroeconomics, said that even with a true Brexiteer as PM, a no-deal Brexit remains unlikely.

“Changing the leader won’t alter the maths in parliament. A new PM might be more willing to attempt a no-deal Brexit, but we believe enough sane heads in the Tory party would abstain or vote against the government in a confidence vote – which the opposition can call at any time – to stop it in its tracks.”

PREVIOUS DAY ACTIVITY

For the day the FTSE 100 closed at 7,277.73 up with +0.65% percent or +46.69 point. France’s CAC  40 closed at 5,316.51  up with +0.67%percent or +35.15 point. Germany’s DAX closed at 12,011.04  up with +0.49% percent or +58.63  point.

WORLD MARKETS

For the day the Dow is trading at 25,585.69 with a loss of -0.74% percent or -190.92 point. The S&P 500 is trading at 2,826.06 up with +0.14% percent or +3.82 point. The Nasdaq Composite is trading at 7,637.01  up with +0.11% percent or +8.73 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,182.58  up with +0.31% percent or +65.36 point. Hong Kong’s Hang Seng is trading at 27,305.28  with a loss of -0.18% percent or -48.65   point. China’s Shanghai Composite is trading at 2,887.71  up with +1.22% percent or +34.71  point. India’s BSE Sensex is trading at 39,710.44 up with +0.70% percent or +275.72  point at 12:15 PM.

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