FTSE Futures Morning Update on 30 May 2019

The FTSE 100 Futures is trading at 7,186.50  up with +0.30% percent or +21.50 point. The CAC 40 Futures is trading at 5,222.12  with a loss of -1.70% percent or -90.57 point. The DAX Futures is trading at 11,892.50 up with +0.36% percent or +42.30 point. The EURO Stoxx 50 Futures trading at 3,308.00 up with +0.30% percent or +10.00 point.

TODAY’S FACTORS AND EVENTS

The mood in financial markets soured further after the European Central Bank said in its latest Financial Stability Review that uncertainty about global economic growth prospects has contributed to bouts of high volatility in financial markets. It also warned that weaker-than-expected growth and a possible escalation of trade tensions could trigger further falls in asset prices.

Spreadex analyst Connor Campbell said: “The potential for China to use its stranglehold on the supply of rare earth minerals to a variety of US sectors to gain the upper hand against Trump’s government sparked the day’s losses, which were then cemented as ECB vice-president Luis de Guindos warned the trade war was still the biggest threat to the global economy.”

PREVIOUS DAY ACTIVITY

For the day the FTSE 100 closed at 7,190.53  up with +0.073%percent or +5.23 point. France’s CAC  40 closed at 5,222.12  with a loss of -1.70% percent or -90.57 point. Germany’s DAX closed at 11,837.81  with a loss of -1.57% percent or -189.24  point.

WORLD MARKETS

For the day the Dow is trading at 25,126.41 with a loss of -0.87%  percent or -221.36 point. The S&P 500 is trading at 2,783.02 with a loss of -0.69% percent or -19.37 point. The Nasdaq Composite is trading at 7,547.31  with a loss of -0.79% percent or -60.04 point.

In other parts of world, Japan’s Nikkei 225 is trading at 20,942.53  with a loss of -0.29% percent or -60.84 point. Hong Kong’s Hang Seng is trading at 27,146.49 with a loss of -0.33% percent or -89.22   point. China’s Shanghai Composite is trading at 2,905.81  with a loss of -0.31% percent or -8.89 point. India’s BSE Sensex is trading at 39,809.14  up with +0.78% percent or +307.09 point at 12:15 PM.