CAC Futures Morning Update on 27 July

The CAC 40 Futures is trading at 5,489.55 up with +0.16% percent or +9.01 point .The FTSE 100 Futures is trading at 7,637.00 up with +0.58% percent or +44.00 point.  The DAX Futures is trading at 12,823.50 up with +0.11% percent or +14.00 point . The EURO Stoxx 50 Futures is trading at 3,510.00 up with +0.20% percent or +7.00 point.

TODAY’S FACTORS AND EVENTS

Asian stocks edged higher on Friday on signs of rapprochement between the United States and Europe over trade issues and the yuan staunched losses on buying by Chinese state banks, though concerns about the Sino-U.S. tariff dispute tempered overall optimism.

European shares are expected to be firm, with spread-betters looking at flat to higher openings of 0.3 percent in Britain’s FTSE, France’s CAC and Germany’s DAX.

MSCI’s broadest index of Asia-Pacific shares outside Japan ticked up 0.3 percent, though Chinese shares underperformed with the CSI300 in the red for most of the day.

“Markets are worried that the Chinese economy will slow as trade frictions with the U.S. intensify. We think if the U.S. slaps additional tariffs on $200 billion goods from China, that would shave off China’s growth by 0.5 percentage point,” said Shuji Shirota, head of macroeconomic strategy at HSBC in Tokyo.

PREVIOUS DAY ACTIVITY

For the day France’s CAC 40 closed at 5,490.93 up with +0.19% percent or +10.39 point.the FTSE 100 closed at 7,684.10 up  with +0.25% percent or +19.51 point.  Germany’s DAX closed at 12,844.06 up with +0.27%percent or +34.83 point.

WORLD MARKETS

For the day the Dow is trading at 25,527.07 up with +0.44% percent or +112.97 point. The S&P 500 is trading at 2,837.44 with a loss of -0.30% percent or -8.63 point. The Nasdaq Composite is trading at 7,852.18  with a loss of -1.01% percent or -80.05 point.

In other parts of world, Japan’s Nikkei 225 is trading at 22,712.75 up with +0.56% percent or +125.88 point. Hong Kong’s Hang Seng is trading at 28,765.68 with a loss of -0.054% percent or -15.46 point. China’s Shanghai Composite is trading at 2,873.59 with  a loss of  -0.30% percent or -8.63  point. India’s BSE Sensex is trading at 37,258.99 up with  +0.74% percent or +274.35  point at 12:15 PM.

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