FTSE Futures Morning Update on 28 May 2019

The FTSE 100 Futures is trading at 7,281.80  up with +0.25% percent or +18.30 point. The CAC 40 Futures is trading at 5,336.19 up with +0.37% percent or +19.68 point. The DAX Futures is trading at 12,090.50  up with +0.21% percent or +25.70 point. The EURO Stoxx 50 Futures trading at 3,356.00 up with +0.06% percent or +2.00 point.

TODAY’S FACTORS AND EVENTS

Stocks on Wall Street staged a small bounce ahead of the long Memorial Day weekend, after the US President indicated he would be willing to ease restrictions on Chinese telco giant Huawei as part of a broader agreement on trade with the Asian giant.

“If we made a deal, I can imagine Huawei being included in some form or some part of a trade deal,” Trump had told White House reporters on Thursday evening, as he predicted a swift end to the ongoing trade tensions.

Analysts at Barclays Research were less sure, telling clients: “Toughening rhetoric on both sides not only makes our standoff scenario (sustained tariffs on $200bn of Chinese import plus retaliation measures) but also a potential escalation scenario (tariffs on all Chinese imports and tit-for-tat retaliation) more likely by the day.”

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 5,336.19  up with +0.37% percent or +19.68 point. Germany’s DAX closed at 12,071.18  up with +0.50% percent or +60.14  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 21,260.14  up with +0.37% percent or +77.56 point. Hong Kong’s Hang Seng is trading at 27,388.96  up with +0.37% percent or +100.87   point. China’s Shanghai Composite is trading at 2,898.13  up with +0.20% percent or +5.76 point. India’s BSE Sensex is trading at 39,643.29  with a loss of -0.10% percent or -40.00  point at 12:15 PM.

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