The FTSE 100 Futures is trading at 7,464.00 up with +0.47% percent or +35.00 point. The CAC 40 Futures is trading at 5,576.20 up with +0.45% percent or +25.20 point. The DAX Futures is trading at 12,288.50 up with +0.23% percent or +28.80 point. The EURO Stoxx 50 Futures trading at 3,498.00 up with +0.52% percent or +18.00 point.
TODAY’S FACTORS AND EVENTS
London stocks were set to rise at the open on Friday, taking their cue from positive US and Asian sessions amid renewed hopes of more monetary easing from the US Federal Reserve.
Danske Bank said: “Market sentiment turned swiftly positive yesterday as prominent FOMC board members of the New York Fed, Williams and Vice Chair Clarida, delivered very soft remarks highlighting the need for swift action before economic data actually turns for the worse. The remarks at first seemed very coordinated, driving a weaker USD, a drop in front US yields and a sharp rally in the August Fed funds futures, essentially leaving market pricing skewed towards a 50bp July cut rather than the consensus 25bp cut.
PREVIOUS DAY ACTIVITY
For the day the FTSE 100 closed at 7,533.92 up with 0.54% percent or +40.75 point. France’s CAC 40 closed at 5,550.55 with a loss of -0.38% percent or -21.16 point.Germany’s DAX closed at 12,227.85 with a loss of -0.92% percent or -113.18 point.
For the day the Dow is trading at 27,222.97 up with +0.011% percent or +3.12 point. The S&P 500 is trading at 2,995.11 up with +0.36%percent or +10.69 point. The Nasdaq Composite is trading at 8,207.24 up with +0.27% percent or +22.04 point.
In other parts of world, Japan’s Nikkei 225 is trading at 21,466.99 up with +2.00% percent or +420.75 point. Hong Kong’s Hang Seng is trading at 28,752.74 up with +1.02% percent or +291.08 point. China’s Shanghai Composite is trading at 2,924.20 up with +0.79% percent or +23.02 point. India’s BSE Sensex is trading at 38,522.36 with a loss of -0.96% percent or -374.62 point at 12:15 PM.