FTSE Futures Morning Update on 29 May 2019

The FTSE 100 Futures is trading at 7,211.80   with a loss of -0.70% percent or -50.70 point. The CAC 40 Futures is trading at 5,312.69  with a loss of -0.44% percent or -23.50 point. The DAX Futures is trading at 11,916.00  with a loss of -0.57% percent or -68.00 point. The EURO Stoxx 50 Futures trading at 3,306.00  with a loss of -0.42% percent or -14.00 point.

TODAY’S FACTORS AND EVENTS

London stocks were set to drop at the open on Wednesday, taking their cue from downbeat US and Asian sessions amid ongoing worries about Sino-US trade relations and renewed concerns about global growth.

London Capital Group analyst Jasper Lawler said risk aversion has been on the rise as investors grow increasingly concerned over the impact that the ongoing trade dispute is having on the global economy.

“Weakening macro data is heightening these concerns fuelling fears of a global recession. An unresolved Brexit and rising tensions between Rome and the European Commission are adding to the gloomier outlook,” he said.

PREVIOUS DAY ACTIVITY

For the day the FTSE 100 closed at 7,268.95  with a loss of -0.12% percent or -8.78 point. France’s CAC  40 closed at 5,312.69  with a loss of -0.44% percent or -23.50 point. Germany’s DAX closed at 12,027.05  with a loss of -0.37% percent or -44.13  point.

WORLD MARKETS

For the day the Dow is trading at 25,347.77 with a loss of -0.93% percent or -237.92 point. The S&P 500 is trading at 2,802.39  with a loss of -0.84% percent or -23.67 point. The Nasdaq Composite is trading at 7,607.35  with a loss of -0.39% percent or -29.66 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,003.37  with a loss of -1.21% percent or -256.77 point. Hong Kong’s Hang Seng is trading at 27,261.43 with a loss of -0.47% percent or -129.38   point. China’s Shanghai Composite is trading at 2,914.70  up with +0.16% percent or +4.79 point. India’s BSE Sensex is trading at 39,653.87  with a loss of -0.24% percent or -95.86 point at 12:15 PM.