FTSE Futures Morning Update on 22 May. 2020

The FTSE 100 Futures is trading at 5,907.20 with a loss of -1.74% percent or -104.30  point. The CAC 40 Futures is trading at 4,370.80 with a loss of -1.47% percent or -65.20 point. The DAX Futures is trading at 10,914.50  with a loss of -1.19% or -131.20 point. The EURO Stoxx 50 Futures trading at 2,856.00 with a loss of -1.24% percent or –36.00 point.

TODAY’S FACTORS AND EVENTS

 London stocks were set to fall at the open on Friday, taking their cue from a weak Asian session as it emerged that Beijing is planning to impose a new security law on Hong Kong.

The FTSE 100 was called to open 55 points lower at 5,960.

CMC Markets analyst David Madden said: “The Hang Seng is sharply lower as it was reported that China are planning on introducing a national security law on Hong Kong. Such a move would strengthen Beijing’s control over the territory, which would probably spark protests. Last year, pro-democracy protests were common in Hong Kong, some of which caused major disruption, so traders are now worried the situation will flare up again. President Trump is likely to weigh in on the matter if the Chinese authorities take a tough stance in relation to Hong Kong.

YESTERDAY ACTIVITY

For the day the FTSE 100 closed at 5,907.24 with a loss of –1.80% percent or –108.01 point. France’s CAC  40 closed at 4,445.45 with a loss of –1.15% percent or –51.52 point.Germany’s DAX closed at 11,065.93  with a loss of -1.41% percent or –157.78 point.

WORLD MARKETS

For the day the Dow is trading at 24,474.12  with a loss of -0.41% percent or -101.78 point. The S&P 500 is trading at 2,948.51 with a loss of –0.78% percent or -23.10 point. The Nasdaq Composite is trading at 9,284.88  with a loss of -0.97% percent or -90.90 point.

In other parts of world, Japan’s Nikkei 225 is trading at 20,388.16  with a loss of –0.80% percent or –164.15 point. Hong Kong’s Hang Seng is trading at 23,075.78  with a loss of  –4.96% percent or –1,204.25  point. China’s Shanghai  Composite is trading at 2,827.30 with a loss of –1.42% percent or –40.62 point. India’s BSE Sensex is trading at 30,556.13 with a loss of –1.22% percent or –376.77   point at 12:15 PM.

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