FTSE Futures Morning Update on 28 Feb. 2020

The FTSE 100 Futures is trading at 6,525.00 with a loss of -2.07% percent or -138.20 point. The CAC 40 Futures is trading at 5,264.00 with a loss of -2.44% percent or -131.50 point. The DAX Futures is trading at 11,839.00  with a loss of -1.75% percent or –211.30 point. The EURO Stoxx 50 Futures trading at 3,322.00 with a loss of –2.06% percent or –70.00 point.

TODAY’S FACTORS AND EVENTS

The FTSE AIM-All Share on the other hand crumbled 2.01% to end the day at 911.16, alongside a drop of 0.64% to 1.291570 in the pound’s value against the US dollar while versus the euro it lost 0.73% to 1.1865.

“The sharp declines seen on the AIM market signals a heightened risk of a UK-wide Wuhan-style coronavirus episode which could see partial shut-downs hit small and underfunded firms,” said IG’s Josh Mahony.

For his part, UBS strategist Keith Parker said the combination of coronavirus cases outside of China, economic data, US election primaries, past spikes in volatility and companies’ guidance on earnings all pointed to “continued volatility for equities over coming weeks.”

YESTERDAY ACTIVITY

For the day the FTSE 100 closed at 6,796.40   with a loss of –3.49% percent or –246.07  point. France’s CAC  40 closed at 5,495.60  with a loss of –3.32% percent or –188.94   point.Germany’s DAX closed at 12,367.46 with a loss of –3.19% percent or –407.42  point.

WORLD MARKETS

For the day the Dow is trading at 25,766.64 with a loss of –4.42% percent or –1,190.95  point. The S&P 500 is trading at 2,978.76 with a loss of –4.42% 8percent or –137.63 point. The Nasdaq Composite is trading at 8,566.48 with a loss of –4.61% percent or –414.29 point.

In other parts of world, Japan’s Nikkei 225 is trading at 21,142.96 with a loss of –3.67% percent or –805.27  point. Hong Kong’s Hang Seng is trading at 26,140.70  with a loss of –2.38% percent or –637.92    point. China’s Shanghai  Composite is trading at 2,880.30  with a loss of –3.71%percent or –111.03  point. India’s BSE Sensex is trading at  38,601.22 with a loss of –2.88% percent or –1,144.44  point at 12:15 PM.