The FTSE 100 Futures is trading at 5,994.00  with a loss of -1.75% percent or -107.00  point. The CAC 40 Futures is trading at 4,899.50 with a loss of -1.13% percent or -56.00 point. The DAX Futures is trading at 12,516.00 with a loss of -2.60% or -334.50 point. The EURO Stoxx 50 Futures trading at 3,238.00 with a loss of -2.06% percent or –68.00 point.

TODAY’S FACTORS AND EVENTS

London stocks were firmly in the red by midday on Thursday following disappointing results from the likes of Lloyds.

The FTSE 100 was down 1.6% at 6,031.34, extending earlier losses, with the latest economic growth figures out of Germany denting sentiment.

According to Destatis, GDP fell by a record 10.1% quarter-on-quarter in the second quarter as the Covid-19 crisis took its toll. This marked the biggest decline since records began in 1970. It was steeper than the 9% drop expected by economics and much worse than the 4.7% contraction seen in the first quarter of 2009 during the financial crisis.

YESTERDAY ACTIVITY

For the day the FTSE 100 closed at 6,033.12 with a loss of –1.60% percent or –98.34  point. France’s CAC  40 closed at 4,888.95  with a loss of –1.41% percent or –69.79  point.Germany’s DAX closed at 12,500.53 with a loss of -2.51% percent or –321.73 point.

WORLD MARKETS

For the day the Dow is trading at 26,539.57 up with +0.61% percent or +160.29 point. The S&P 500 is trading at 3,258.44  up with  +1.24% percent or +40.00 point. The Nasdaq Composite is trading at 10,542.94 up with +1.35% percent or +140.85 point.

In other parts of world, Japan’s Nikkei 225 is trading at at 22,339.23 with a loss of –0.26% percent or –57.88 point. Hong Kong’s Hang Seng is trading at 24,710.59 with a loss of –0.69% percent or –0.69%  point. China’s Shanghai  Composite is trading at 3,286.82 with a loss of –0.23% percent or ?7.73 point. India’s BSE Sensex is trading at 37,736.07 with a loss of -0.88% percent or –335.06  point at 12:15 PM.