S&P Futures Opening Update as on 10 August 2018

US PRE MARKET

The S&P 500 Futures is trading at 2,841.75  with a loss of -0.42% percent or -12.00 point. Other U.S. stock futures  lower in pre-market trading for Friday, August 10.The Dow Futures is trading at 25,394.00  with a loss of -0.39% percent or -99.00 point. The Nasdaq Futures is trading at 7,436.00  with a loss of -0.53% percent or -38.00 point.

FRIDAY’S FACTORS AND EVENTS

During yesterday’s trade, the Nasdaq Composite scored its longest winning streak in close to a year, boosted by positive trade out of tech stocks including Amazon and Apple.

On Friday, however, red is striking markets across the board, as political woes and trade fears send jitters across global markets.

In politics, the U.S. remains embroiled in a trade dispute with China, meanwhile on Wednesday the States announced that it planned to inflict sanctions on Russia over its alleged chemical poisoning of an ex-spy in England earlier this year.

Russia’s Prime Minister Dmitry Medvedev warned the States on Friday that enacting these sanctions could be treated as a declaration of economic war, according to Reuters. Consequently, investors have been keeping a close eye on the Russian ruble.

THURSDAY’S ACTIVITY

For the day the Dow is trading at 25,509.23 with a loss of -0.29% percent or -74.52 point. The S&P 500 is trading at 2,853.58 with  a loss of -0.14% percent or -4.12 point. The Nasdaq Composite is trading at 7,891.78 up with +0.044% percent or +3.46 point.

In other parts of world, Japan’s Nikkei 225 is trading at 22,298.08 with a loss of -1.33% percent or -300.31 point. Hong Kong’s Hang Seng is trading at 28,397.71  with a loss of -0.73% percent or -209.59 point. China’s Shanghai Composite is trading at 2,795.31 up with +0.033% percent or +0.93  point. India’s BSE Sensex is trading at 37,957.63  with a loss of -0.18% percent or -66.74 point at 12:15 PM.

WORLD MARKETS

In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 is trading at 22,298.08 with a loss of -1.33% percent or -300.31 point. Hong Kong’s Hang Seng is trading at 28,397.71  with a loss of -0.73% percent or -209.59 point. China’s Shanghai Composite is trading at 2,795.31 up with +0.033% percent or +0.93  point. India’s BSE Sensex is trading at 37,957.63  with a loss of -0.18% percent or -66.74 point at 12:15 PM.The FTSE 100 is trading at 7,693.47 with a loss of -0.62% percent or -48.30 point. Germany’s DAX is trading at 12,477.55 with a loss of -1.57% percent or -198.56 point. France’s CAC 40 is trading at 5,441.68  with a loss of -1.10% percent or -60.56 point. The Stoxx Europe 600 is trading at 386.80 with a loss of -0.83% percent or -3.26 point.

Updates

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