The FTSE 100 Futures is trading at 7,501.20 with a loss of -0.23% percent or -17.00 point. The CAC 40 Futures is trading at 5,971.50 with a loss of -0.03% percent or -1.50 point. The DAX Futures is trading at 13,120.30 with a loss of -1.51% percent or -200.70 point. The EURO Stoxx 50 Futures trading at 3,724.00 with a loss of -1.22% percent or -46.00 point.
TODAY’S FACTORS AND EVENTS
Stocks on the Continent slumped amid holiday-thinned volumes after a Chinese diplomat sounded a confident note on trade, leading to a back-up in longer-term government bond yields and a rising euro.
On Saturday, China’s ambassador to Washington, Cui Tiankai, told state broadcaster CGTN that his country would honour its commitments under the recent phase one trade deal with the US.
As a result, investors were believed to be favouring assets outside the US, which were typically seen as more risky.
By session close, the pan-European Stoxx 600 had declined 0.85% to 416.17, alongside a drop of 0.66% to 13,249.01 for the German Dax while the FTSE Mibtel was 1.06% lower at 23,506.37.
For the day the FTSE 100 closed at 7,587.05 with a loss of –0.76% percent or -57.85 point. France’s CAC 40 closed at 5,982.22 with a loss of –0.91% percent or -55.17 point.Germany’s DAX closed at 13,249.01 with a loss of –0.66% percent or –88.10 point.
For the day the Dow is trading at 28,462.14 with a loss of –0.64% percent or –183.12 point. The S&P 500 is trading at 3,221.29 with a loss of –0.58% percent or -18.73 point. The Nasdaq Composite is trading at 8,945.99 with a loss of –0.67% percent or -60.62 point.
In other parts of world, Japan’s Nikkei 225 is trading at 23,656.62 with a loss of –0.76% percent or -181.10 point. Hong Kong’s Hang Seng is trading at 28,189.75 with a loss of –0.46% percent or –129.64 point. China’s Shanghai Composite is trading at 3,050.12 up with +0.33% percent or +10.10 point. India’s BSE Sensex is trading at 41,442.52 with a loss of –0.28% percent or –115.48 point at 12:15 PM.