FTSE Futures Morning Update on 10 June 2019

The FTSE 100 Futures is trading at 7,364.50 up with +0.30% percent or +21.70 point. The CAC 40 Futures is trading at 5,369.20  up with +0.41% percent or +21.70 point. The DAX Futures is trading at 12,103.80  up with +0.42% percent or +51.10 point. The EURO Stoxx 50 Futures trading at 3,386.00 up with +0.42% percent or +14.00 point.

TODAY’S FACTORS AND EVENTS

Data released by the US Department of Labor earlier showed that non-farm payrolls rose by 75,000 in May, falling short of the consensus forecast for a rise of 190,000. Meanwhile, gains for the previous two months were revised down by a combined 75,000.

Average hourly earnings also missed economists’ forecasts, with the year-on-year rate of increase slipping from 3.2% to 3.1%.

Despite the positive tone, Markets.com analyst Neil Wilson was wary about getting too carried away. He pointed out that “one swallow does not make a summer” and “a poor print every few months does not mean the US economy is on the cusp”.

PREVIOUS DAY ACTIVITY

For the day the FTSE 100 closed at 7,361.18  up with +0.40% percent or +29.24 point. France’s CAC  40 closed at 5,364.05 up with +1.62% percent or +85.63  point.Germany’s DAX closed at 12,045.38  up with +0.77% percent or +92.24 point.

WORLD MARKETS

For the day the Dow is trading at 25,983.94 up  with +1.02% percent or +263.28 point. The S&P 500 is trading at 2,873.34 up with +1.05% percent or +29.85 point. The Nasdaq Composite is trading at 7,742.10  up with +1.66% percent or +126.55 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,134.42  up with +1.20% percent or +249.71 point. Hong Kong’s Hang Seng is trading at 27,531.86 up with +2.10% percent or +566.58   point. China’s Shanghai Composite is trading at 2,852.13 up with +0.86% percent or +24.33 point. India’s BSE Sensex is trading at 39,670.32  up with +0.14% percent or +54.42 point at 12:15 PM.

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