CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved.

FTSE 100 index poised to open slightly lower on Friday

IG’s FTSE 100 futures estimates show that the index is trading just under Thursday's closing price.

UK blue-chip equity barometer FTSE 100 is mixed in overnight trading, IG data show.

IG's live FTSE 100 futures price estimates showed the index moving sideways along a median price level of 6170 as at 07:00 GMT on Friday 29 May 2020.

This represents a slight dip from the previous day’s peak of 6240, when Footsie futures rose roughly 0.33% just after the regular market had closed.

Gain access to the FTSE 100 and thousands of financial markets via IG's world-leading trading and investments platform. With CFDs (read about CFDs here), you can buy long or sell short on indices, shares, forex and more depending on whether you think prices will rise or fall. Start today by opening a live or demo IG account.

European markets rally in anticipation of recovery

The FTSE rallied over 8% just this week alone, as investors braced themselves for the reopening and recovery of economies across the continent.

Over on mainland Europe, Germany’s DAX 30 index and France's CAC 40 also finished Thursday 28 May 1.06% and 1.76% higher respectively.

Thursday’s gains come a day after the European Commission – the executive branch of the European Union (EU) – put forward a proposal for what it called a ‘major recovery plan’ to help EU member nations repair their economies in the aftermath of Covid-19.

Called Next Generation EU, the recovery instrument will be worth 750 billion euros if approved, with over 300 million euros going towards Italy and Spain – the two worst hit countries during Covid-19.

The Covid-19 recovery package, which will be in addition to the long-term EU budget for 2021-2027, will bring the total value of the EU budget to €1.85 trillion.

FTSE’s top gainers and losers

Top performing FTSE 100 constituents on Thursday were: Burberry Group (+7%), Evraz (+6.56%), M&G (+6.3%), Melrose Industries (+5.78%) and Informa (+5.05%).

The biggest losers on the day were: Rolls-Royce (-7.5%), Centrica (-3.98%), HSBC (-2.76%), D S Smith (-2.5%) and Auto Trader Group (-2.21%).

How to trade indices with IG

Are you feeling bullish or bearish about the FTSE 100 index and other European benchmarks, such as Germany's DAX 30? Either way you can buy (long) or sell (short) the asset using derivatives like CFDs in a few easy steps:

  • Create a live or demo IG Trading Account or log in to your existing account
  • Enter <company name> or <ticket code> in the search bar and select it
  • Choose your position size
  • Click on ‘buy’ or ‘sell’ in the deal ticket
  • Confirm the trade

This information has been prepared by IG, a trading name of IG Australia Pty Ltd. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

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