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.
Rules of Discussion on FTSE Futures
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is strictly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Members are requested to flag any violations to keep Forum Clean.