The FTSE 100 Futures is trading at 7,478.80 up with +0.51% percent or +37.80 point. The CAC 40 Futures is trading at 5,563.50 up with +0.05% percent or +2.70 point. The DAX Futures is trading at 12,285.20 up with +0.30% percent or +36.70 point. The EURO Stoxx 50 Futures trading at 3,482 up with +0.32% percent or +11 point.
TODAY’S FACTORS AND EVENTS
Spreadex analyst Connor Campbell said: “At the start of a week that will almost certainly crown Boris Johnson as Prime Minister by Wednesday, and following a weekend full of headlines about rising tensions between Iran and the West, the markets would be forgiven for feeling a bit worse for wear.
“Instead European investors hit the snooze button, unwilling to get out of bed for what is looking like a pretty boring economic calendar this Monday.
“Having already unwound a chunk of last week’s rebound on Friday, the pound continued to trickle lower, opening down 0.2% against both the dollar and the euro. It will be interesting to watch how the currency performs this week. It is likely priced in that Johnson will win the Tory leadership contest; what is more uncertain is what happens next, with sterling potentially sensitive to the make-up of the former Mayor of London’s Cabinet.”
PREVIOUS DAY ACTIVITY
For the day the FTSE 100 closed at 7,545.28 up with +0.49% percent or +36.58 point. France’s CAC 40 closed at 5,565.13 up with +0.23% percent or +12.80 point.Germany’s DAX closed at 12,298.22 up with +0.31% percent or +34.42 point.
For the day the Dow is trading at 27,154.20 with a loss of -0.25% percent or -68.77 point. The S&P 500 is trading at 2,976.61 with a loss of -0.62% percent or -18.50 point. The Nasdaq Composite is trading at 8,146.49 with a loss of -0.74% percent or -60.75 point.
In other parts of world, Japan’s Nikkei 225 is trading at 21,416.79 with a loss of -0.23% percent or -50.20 point. Hong Kong’s Hang Seng is trading at 28,371.26 with a loss of -1.37% percent or -394.14 point. China’s Shanghai Composite is trading at 2,886.97 with a loss of -1.27% percent or -37.23 point. India’s BSE Sensex is trading at 38,522.36 with a loss of -0.87% percent or -334.62 point at 12:15 PM.