The FTSE 100 Futures is trading at 7,304.20 up with +0.22% percent or +16.20 point. The CAC 40 Futures is trading at 5,974.00 up with +1.53% percent or +90.00 point. The DAX Futures is trading at 13,406.80 up with +1.14% percent or +151.30 point. The EURO Stoxx 50 Futures trading at 3,762.00 up with +1.27% percent or +47.00 point.
TODAY’S FACTORS AND EVENTS
Stocks in London looked set to rise at the open on Friday although gains could be capped by a stronger pound after Boris Johnson’s Conservative Party secured a parliamentary majority.
The FTSE 100 was called to open up around 30 points at 7,300. The unspectacular gains were down to a surge in the pound, which saw its biggest rally in more than a decade overnight as exit polls suggested a big Tory majority.
At 0715 GMT, sterling was up 2.2% against the dollar at 1.3346 and 1.8% higher versus the euro at 1.2038. A firmer pound tends to weigh on the top-flight index as around 70% of its constituents derive most of their earnings from overseas.
For the day the FTSE 100 closed at 7,273.47 up with +0.79% percent or +57.22 point. France’s CAC 40 closed at 5,884.26 up with +0.40% percent or +23.39 point.Germany’s DAX closed at 13,221.64 up with +0.57% percent or +74.90 point.
For the day the Dow is trading at 28,132.05 up with +0.79% percent or +220.75 point. The S&P 500 is trading at 3,168.57 up with +0.86% percent or +26.94 point. The Nasdaq Composite is trading at 8,717.32 up with +0.73% percent or +63.27 point.
In other parts of world, Japan’s Nikkei 225 is trading at 24,023.10 up with +2.55% percent or +598.29 point. Hong Kong’s Hang Seng is trading at 27,679.88 up with +2.54% percent or +685.74 point. China’s Shanghai Composite is trading at 2,967.68 up with +1.78% percent or +51.98 point. India’s BSE Sensex is trading at 40,976.79 up with +0.97% percent or +395.08 point at 12:15 PM.