FTSE Futures Morning Update on 19 September 2019

The FTSE 100 Futures is trading at 7,277.20 with a loss of -0.58% percent or -42.30 point. The CAC 40 Futures is trading at 5,628.20 up with +0.13% percent or +7.20 point. The DAX Futures is trading at 12,388.00 up with +0.00% percent or +0.50 point. The EURO Stoxx 50 Futures trading at 3,522.00 with 0.00% percent or 0.00 point.

TODAY’S FACTORS AND EVENTS

London stocks were set to edge lower at the open on Thursday as investors mulled the latest policy announcement from the Federal Reserve and looked ahead to a policy decision from the Bank of England and the release of UK retail sales data.

The FTSE 100 was called to open 13 points lower at 7,301.

CMC Markets analyst Michael Hewson said the Fed did what the markets expected and cut rates by 25 basis points to 1.75%-2%, although the decision was not unanimous “and President Trump had his obligatory twitter tantrum”, criticising the Fed for having ‘no guts, no sense and no vision’.

PREVIOUS DAY ACTIVITY

For the day the FTSE 100 closed at 7,327.93 up with +0.19% percent or +17.10 point. France’s CAC  40 closed at 5,637.03 up with + percent or  +16.97 point.Germany’s DAX closed at 12,398.16  up with +0.07% percent or +0.07%  point.

WORLD MARKETS

For the day the Dow is trading at 27,147.08 up with + percent or +36.28  point. The S&P 500 is trading at 3,006.73 up with + percent or +1.03 point. The Nasdaq Composite is trading at 8,177.39 with a loss of – percent or –8.62 point.

In other parts of world, Japan’s Nikkei 225 is trading at 22,044.45 up with + percent or +83.74 point. Hong Kong’s Hang Seng is trading at 26,487.03 with a loss of – percent or –267.09 point. China’s Shanghai Composite is trading at 2,999.28 up with + percent or +13.62 point. India’s BSE Sensex is trading at 36,129.65  with a loss of – percent or –434.23 point at 12:15 PM.

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