The FTSE 100 Futures is trading at 7,429.00 up with +0.45% percent or +33.00 point. The CAC 40 Futures is trading at 5,586.80 up with +1.10% percent or +4.86 point. The DAX Futures is trading at 12,574.00 up with +1.14% percent or +141.80 point. The EURO Stoxx 50 Futures trading at 3,498.00 up with +1.04% percent or +36.00 point.
TODAY’S FACTORS AND EVENTS
CMC Markets analyst David Madden said: “The long-awaited trade talks between President Trump and Xi Jinping in Japan over the weekend appear to have gone well. The two leaders met to discuss the trade standoff at the G20 meeting, and a small bit of progress seems to have been made.
“Both sides agreed not to impose new tariffs on each other, but at the same time, President Trump is in no hurry remove the existing levies on Chinese imports. The US administration will take a softer stance in relation to blocking US firms from selling goods to the Chinese company Huawei. Mr Trump said the decision was taken at the request of US tech firms and Xi Jinping. US economic advisor, Larry Kudlow, said there wouldn’t be a complete reversal of the ban, but some US companies would be permitted to do business with Huawei if it doesn’t threaten national security.”
PREVIOUS DAY ACTIVITY
For the day the FTSE 100 closed at 7,495.09 up with +0.94% percent or +69.46 point. France’s CAC 40 closed at 5,538.97 up with +0.83% percent or +45.36 point.Germany’s DAX closed at 12,398.80 up with +1.04% percent or +127.77 point.
For the day the Dow is trading at 26,599.96 up with +0.28% percent or +73.38 point. The S&P 500 is trading at 2,941.76 up with +0.58% percent or +16.84 point. The Nasdaq Composite is trading at 8,006.24 up with +0.48% percent or +38.49 point.
In other parts of world, Japan’s Nikkei 225 is trading at 21,729.97 up with +2.13% percent or +454.05 point. Hong Kong’s Hang Seng is trading at 28,542.62 with a loss of -0.28% percent or -78.80 point. China’s Shanghai Composite is trading at 3,044.90 up with +2.22% percent or +66.02 point. India’s BSE Sensex is trading at 39,670.42 up with +0.70% percent or +275.78 point at 12:15 PM.