The FTSE 100 Futures is trading at 6,815.80 up with +0.49% percent or +33.30 point. The CAC 40 Futures is trading at 5,496.50 up with +0.63% percent or +34.50 point. The DAX Futures is trading at 12,178.80 with a loss of -0.49% percent or -59.70 point. The EURO Stoxx 50 Futures trading at 3,436.00 with a loss of -0.46% percent or -16.00 point.
TODAY’S FACTORS AND EVENTS
The FTSE 100 finished up 1.45% at 6,815.59 while the second-tier index added 0.31% to 19,742.83.
Stocks on Wall Street fell sharply on Tuesday after the Fed announced an emergency rate cut – its the first since the financial crisis in 2008 – to help counter the impact of the coronavirus.
IG chief market analyst Chris Beauchamp said: “The Bank of Canada has joined in the procession of global central banks easing policy, with cut in rates of 50 basis points, while indices have managed to find more positives in the Fed’s cut yesterday than they did in the immediate aftermath of the move.
For the day the FTSE 100 closed at 6,815.59 up with +1.45% percent or +97.39 point. France’s CAC 40 closed at 5,464.89 up with +1.33% percent or +71.72 point.Germany’s DAX closed at 12,127.69 up with +1.19% percent or +142.30 point.
For the day the Dow is trading at 27,090.86 up with +4.53% percent or +1,173.45 point. The S&P 500 is trading at 3,130.12 up with +4.22% 8percent or +126.75 point. The Nasdaq Composite is trading at 9,018.09 up with +3.85% percent or +334.00 point.
In other parts of world, Japan’s Nikkei 225 is trading at 21,329.12 up with +1.09% percent or +229.06 point. Hong Kong’s Hang Seng is trading at 26,772.54 up with +2.10% percent or +550.47 point. China’s Shanghai Composite is trading at 3,071.68 up with +1.99% percent or +60.01 point. India’s BSE Sensex is trading at 38,733.19 with a loss of –0.84% percent or +323.71 point at 12:15 PM.