The FTSE 100 Futures is trading at 7,268.20 with a loss of -0.83% percent or -60.60 point. The CAC 40 Futures is trading at 5,312.20 with a loss of -1.11% percent or -59.60 point. The DAX Futures is trading at 11,776.30 with a loss of -1.10% percent or -131.30 point. The EURO Stoxx 50 Futures trading at 3,346.00 with a loss of -0.95% percent or -32.00 point.
TODAY’S FACTORS AND EVENTS
London stocks were set to drop sharply at the open on Monday following heavy losses at the end of last week, amid worries about Sino-US trade relations, Middle East tensions and further unrest in Hong Kong.
The FTSE 100 was called to open 92 points lower at 7,315.
CMC Markets analyst Michael Hewson said: “The falls in Asia this morning have also seen the Chinese currency slip through the 7 level for the first time in 11 years, with the People’s Bank of China blaming the escalation in trade tensions, while this morning’s session in Asia markets hasn’t been helped by further unrest in Hong Kong.”
PREVIOUS DAY ACTIVITY
For the day the FTSE 100 closed at 7,339.33 with a loss of -0.94% percent or -69.95 point. France’s CAC 40 closed at 5,309.89 with a loss of -0.92% percent or -49.10 point.Germany’s DAX closed at 11,785.83 with a loss of -0.70% percent or -86.25 point.
For the day the Dow is trading at 26,485.01 with a loss of -0.37% percent or -98.41 point. The S&P 500 is trading at 2,932.05 with a loss of -0.73% percent or -21.51 point. The Nasdaq Composite is trading at 8,004.07 with a loss of -1.32% percent or -107.05 point.
In other parts of world, Japan’s Nikkei 225 is trading at 20,720.29 with a loss of -1.74% percent or -366.87 point. Hong Kong’s Hang Seng is trading at 26,178.56 with a loss of -2.75% percent or -740.02 point. China’s Shanghai Composite is trading at 2,821.50 with a loss of -1.62% percent or -46.34 point. India’s BSE Sensex is trading at 36,671.11 with a loss of -1.21% percent or -447.99 point at 12:15 PM.