The FTSE 100 Futures is trading at 7,366.30  with a loss of -0.42% percent or -30.70 point. The CAC 40 Futures is trading at 5,408.45  up with +0.48% percent or +25.96 point. The DAX Futures is trading at 12,113.00   with a loss of -0.31% percent or -37.50 point. The EURO Stoxx 50 Futures trading at 3,388.00  with a loss of -0.18% percent or -6.00 point.

TODAY’S FACTORS AND EVENTS

The downbeat call comes after US President Trump defended the use of tariffs as part of his strategy on Tuesday, while China said it was ready to respond if Washington escalates trade tensions further.

CMC Markets analyst Michael Hewson said: “A lot of the recent gains appear to have been predicated on the basis that central banks have shifted focus in the past few weeks to a much more dovish tilt, when it comes to the next move on interest rates, rather than any overriding optimism over the trade talks, and this may help explain the inability of markets to push on to fresh new highs.

PREVIOUS DAY ACTIVITY

For the day the FTSE 100 closed at 7,377.35  with a loss of -0.29% percent or -21.10 point. France’s CAC  40 closed at 5,381.30  with a loss of -0.50% percent or -27.14 point.Germany’s DAX closed at 12,101.85 with a loss of -0.47%percent or –56.84  point.

WORLD MARKETS

For the day the Dow is trading at 26,048.51 with a loss of -0.054% percent or -14.17 point. The S&P 500 is trading at 2,885.72  with a loss of -0.035% percent or -1.01 point. The Nasdaq Composite is trading at 7,822.57   with a loss of -0.0077% percent or -0.60 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,129.72 with a loss of -0.35% percent or -74.56 point. Hong Kong’s Hang Seng is trading at 27,297.48  with a loss of -1.77% percent or -491.86   point. China’s Shanghai Composite is trading at 2,909.38  with a loss of -0.56% percent or -16.34  point. India’s BSE Sensex is trading at 39,725.02  with a loss of -0.56% percent or -225.44 point at 12:15 PM.