The FTSE 100 Futures is trading at 6,092.30 up with +0.33% percent or +20.20  point. The CAC 40 Futures is trading at 4,948.50 up with +0.02% percent or +1.00 point. The DAX Futures is trading at 12,849.50 up with +0.36% or +45.70 point. The EURO Stoxx 50 Futures trading at 3,304.00 up with +0.12% percent or +4.00 point.

TODAY’S FACTORS AND EVENTS

Overnight, Beijing ordered the closure of the American consulate in Chengdu in retaliation for Washington’s decision to do the same with its diplomatic mission in Houston, Texas.

“Chinese stocks incurred heavy losses overnight on account of the strained political relationship, and the sour sentiment has spilled over to Europe,” said David Madden at CMC Markets UK.

YESTERDAY ACTIVITY

For the day the FTSE 100 closed at 6,123.82  with a loss of –1.41% percent or –87.62  point. France’s CAC  40 closed at 4,956.43  with a loss of –1.54% percent or –77.32  point.Germany’s DAX closed at 12,838.06 with a loss of -2.02% percent or –265.33 point.

WORLD MARKETS

For the day the Dow is trading at 26,469.89 with a loss of -0.68% percent or -182.44 point. The S&P 500 is trading at 3,215.63 with a loss of –0.62% percent or -20.03 point. The Nasdaq Composite is trading at 10,363.18 with a loss of -0.94% percent or -98.24 point.

In other parts of world, Japan’s Nikkei 225 is trading at at 22,715.85 with a loss of –0.16% percent or –35.76 point. Hong Kong’s Hang Seng is trading at 24,606.45 with a loss of –0.40% percent or –98.88  point. China’s Shanghai  Composite is trading at 3,186.73 with a loss of –0.31% percent or –10.03 point. India’s BSE Sensex is trading at 37,988.58 with a loss of -0.37% percent or –140.32  point at 12:15 PM.