The FTSE 100 Futures is trading at 7,167.20 up with +0.85% percent or +60.70 point. The CAC 40 Futures is trading at 5,330.00 up with +0.85% percent or +45.10 point. The DAX Futures is trading at 11,643.50 up with +0.83% percent or +96.00 point. The EURO Stoxx 50 Futures trading at 3,350.00 up with +0.75% percent or +25.00 point.
TODAY’S FACTORS AND EVENTS
London stocks rose in early trade on Monday, taking their cue from a positive session in Asia amid hopes of more stimulus from central banks.
At 0830 BST, the FTSE 100 was up 1% at 7,189.51, while the pound was down 0.1% against the dollar at 1.2134 and 0.2% lower versus the euro at 1.0933.
Neil Wilson, chief market analyst at Markets.com, said: “China unveiled interest rate reforms to ease credit conditions. Just the start of concerted easing efforts one feels. There is even talk of Germany launching fiscal stimulus (shock, horror) if there is a recession. Finance minister Olaf Scholz said Germany could find $55bn behind the back of the sofa if it had to.
PREVIOUS DAY ACTIVITY
For the day the FTSE 100 closed at 7,172.11 up with +0.77% percent or +54.96 point. France’s CAC 40 closed at 5,345.32 up with +0.84% percent or +44.54 point.Germany’s DAX closed at 11,689.57 up with +1.10% percent or +126.80 point.
For the day the Dow is trading at 25,886.01 up with +1.20% percent or +306.62 point. The S&P 500 is trading at 2,888.68 up with +1.44% percent or +41.08 point. The Nasdaq Composite is trading at 7,895.99 up with +1.67% percent or +129.38 point.
In other parts of world, Japan’s Nikkei 225 is trading at 20,563.16 up with +0.71% percent or +144.35 point. Hong Kong’s Hang Seng is trading at 26,291.84 up with +2.17% percent or +557.62 point. China’s Shanghai Composite is trading at 2,883.10 up with +2.10% percent or +59.27 point. India’s BSE Sensex is trading at 37,573.47 up with +0.60% percent or +223.14 point at 12:15 PM.