FTSE Futures Morning Update on 07 August 2019

The FTSE 100 Futures is trading at 7,130.80 up with +0.38% percent or +26.80 point. The CAC 40 Futures is trading at 5,282.50  up with +0.96% percent or +50.00point. The DAX Futures is trading at 11,708.00 up with +0.61% percent or +133.30 point. The EURO Stoxx 50 Futures trading at 3,322.00  up with +0.45% percent or +15.00 point.

TODAY’S FACTORS AND EVENTS

London stocks looked set for a steady start on Wednesday after China fixed the yuan at a slightly firmer rate, helping to assuage concerns about escalating tensions between it and the US.

The FTSE 100 was called to open three points lower at 7,168.

CMC Markets analyst David Madden said China’s move to stabilise its currency “was the catalyst for the lightened mood throughout yesterday’s session”.

“The move by the Chinese central bank was a response to the US accusing the organisation of manipulating the currency markets, which the PBoC has denied.

PREVIOUS DAY ACTIVITY

For the day the FTSE 100 closed at 7,205.28 up with +0.47% percent or +33.59 point. France’s CAC  40 closed at 5,283.30  up with +0.93% percent or +48.65 point.Germany’s DAX closed at 11,707.95 up with +1.21% percent or +139.99 point.

WORLD MARKETS

For the day the Dow is trading at 26,029.52 up with +1.21% percent or +311.78 point. The S&P 500 is trading at 2,881.77 up with +1.30% percent or +37.03 point. The Nasdaq Composite is trading at 7,726.04 with a loss of -3.47% percent or -278.03 point.

In other parts of world, Japan’s Nikkei 225 is trading at 20,516.56 with a loss of -0.33% percent or -68.75 point. Hong Kong’s Hang Seng is trading at 25,997.03  up with +0.080% percent or +20.79 point. China’s Shanghai Composite is trading at 2,768.68  with a loss of -0.32% percent or -8.88 point. India’s BSE Sensex is trading at 36,819.48  with a loss of -0.42% percent or -156.42 point at 12:15 PM.

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