The FTSE 100 Futures is trading at 7,487.50 up with +0.23% percent or +17.50 point. The CAC 40 Futures is trading at 5,567.59 with a loss of -0.081% percent or -4.51 point. The DAX Futures is trading at 12,409.50 up with +0.33% percent or +40.60 point. The EURO Stoxx 50 Futures trading at 3,506.00 up with +0.17% percent or +6.00 point.
TODAY’S FACTORS AND EVENTS
“Ahead of an appearance from Jerome Powell later this afternoon, the rate cut doubts that appeared last Friday, and came to dominate Monday’s trading, continued to be felt on Tuesday,” said Spreadex analyst Connor Campbell earlier.
“To be fair to the FTSE, it has kept its losses on the lighter end of the scale, even if its early dip puts it under 7,550 and at a one-week low.
“The avoidance of a more significant decline, despite the red hues of its mining sector, came as sterling fell 0.2% against both [the] dollar and euro.”
Campbell noted that the sterling-dollar rate was now sitting “the wrong side” of $1.285, and was nearing levels last seen more than two years ago, as the greenback benefited from emerging concerns that the Fed won’t cut interest rates this month.
PREVIOUS DAY ACTIVITY
For the day the FTSE 100 closed at 7,530.69 with a loss of -0.077% percent or -5.78 point. France’s CAC 40 closed at 5,567.59 with a loss of -0.081% percent or -4.51 point.Germany’s DAX closed at 12,373.41 with a loss of -0.51% percent or -63.14 point.
For the day the Dow is trading at 26,860.20 up with +0.29% percent or +76.71 point. The S&P 500 is trading at 2,993.07 up with +0.45% percent or +13.44 point. The Nasdaq Composite is trading at 8,202.53 up with +0.75% percent or +60.80 point.
In other parts of world, Japan’s Nikkei 225 is trading at 21,643.53 up with +0.51% percent or +110.05 point. Hong Kong’s Hang Seng is trading at 28,413.22 up with +0.74% percent or +208.53 point. China’s Shanghai Composite is trading at 2,916.74 up with +0.049% percent or +1.44 point. India’s BSE Sensex is trading at 38,783.95 up with +0.59% percent or +226.91 point at 12:15 PM.