The FTSE 100 Futures is trading at 7,233.50 up with +0.19% percent or +13.40 point. The CAC 40 Futures is trading at 5,480.80 with a loss of -0.22% percent or -12.00 point. The DAX Futures is trading at 11,948.00 with a loss of -0.04% percent or -5.00 point. The EURO Stoxx 50 Futures trading at 3,428.00 with a loss of -0.12% percent or -4.00 point.
TODAY’S FACTORS AND EVENTS
CMC Markets analyst Michael Hewson said: “The decision by China to hold back on any retaliation in response to last week’s US decision to increase tariffs, appears to, for now, have prompted a cautious rebound in equity markets.
“The more measured tone in deciding to focus on next month’s meeting to discuss removing the extra duties has seen some optimism start to creep back in.”
But some strategists remained cautious, with those at Bank of America-Merrill Lynch telling clients at the end of the week that any sell-off in precious metals over the next few weeks and months “should be viewed as entry point to hedge against the bond bubble risk.”
PREVIOUS DAY ACTIVITY
For the day the FTSE 100 closed at 7,232.80 up with +0.36% percent or +25.62 point. France’s CAC 40 closed at 5,480.48 up with +0.56% percent or +30.51 point.Germany’s DAX closed at 11,949.39 up with +0.13% percent or +13.30 point.
For the day the Dow is trading at 26,403.28 up with +1.41% percent or +367.18 point. The S&P 500 is trading at 2,926.46 up with +0.064% percent or +1.88 point. The Nasdaq Composite is trading at 7,962.88 with a loss of –0.13% percent or –10.51 point.
In other parts of world, Japan’s Nikkei 225 is trading at 20,620.19 with a loss of –0.41% percent or –84.18 point. Hong Kong’s Hang Seng is trading at 25,591.89 with a loss of –0.52% percent or –132.84 point. China’s Shanghai Composite is trading at 2,924.11 up with +1.31% percent or +37.87 point. India’s BSE Sensex is trading at 37,332.79 up with +0.71% percent or +263.86 point at 12:15 PM.