CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

FTSE 100 futures slide amid rising US-China tensions

The blue-chip index saw its early gains eroded on Friday, with it capable of sliding below 6000 next week amid rising US-China tensions.

FTSE 100 futures are trading 2% lower suggesting the index will open lower next week and in weekend markets available with IG, with UK equities rally halted by rising US-China tensions.

The FTSE 100 looked like it would end the week on a high note, only to sees its earlier gains almost entirely eroded on Friday, with the blue-chip index closing 2% lower and only marginally higher to where it kicked off the week.

The FTSE 100 closed at 6076.60 on Friday, with the index looking capable of sliding below the 6000 benchmark next week as investors grow concerned about the macroeconomic outlook.

FTSE 100 hovers below 6200

The FTSE 100 remains skittish around 6200, showing no real desire to break and hold above this level, according to Chris Beauchamp, chief market analyst at IG.

‘This may increase the chances of a retracement, targeting 5900 and then 5650 in the first instance.

‘Rising trendline support from 14 May low comes into play around 6105, while a move above 6250 revives the current uptrend, creating a new higher high,’ he added.

Global stocks rally runs out of steam

Global equities ran out of steam on Friday, as investors grow increasingly concerned about rising tensions between Washington and Beijing.

European socks took a tumble, with the Euro Stoxx 50 closing 1.35% lower – though the index managed to rally to a 4% gain overall this week.

Meanwhile the S&P 500 also opened lower, with the index likely to end the week in positive territory despite the shift in investor sentiment.

Oil unlikely to break $40 in 2020

Oil clawed back some of its early losses on Friday morning, with prices unlikely to tick above $40 a barrel, according to market analysts.

In a recent survey by Reuters, analysts’ consensus data showed that Brent crude and the US benchmark West Texas Intermediate (WTI) would average at $37.58 and $32.78 a barrel this year.

Investors were hoping that production cuts from OPEC+ and the US would help lift prices amid weakening global demand due to the Covid-19 crisis. But analysts remain wary about the economic fallout from rising tensions between the US and China.

The world’s two largest economies have seen relations sour over China’s new security laws on Hong Kong, which has put a stop to a recent recovery in equities and oil prices.

How to trade the FTSE 100 this weekend

Did you know? You can trade forex and indices like the FTSE 100 during Saturday and Sunday with IG. Our world-leading trading platform is the only solution to offer weekend trading on indices. Using CFDs, you can be agile within our weekend markets.

Whether you want to go long (buy) or short (sell) the FTSE 100 based on the above outlook, you don’t have to wait until the markets reopen on Monday to trade.

The weekend prices for indices and forex are quoted separately to their weekday counterparts, based on our view of the prospects for that market given client business and news flow. As a result, you can use these markets to hedge against risk on your weekday positions.

Ready to start trading indices? Open a live account or practise using a demo version today.


The information 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 Bank S.A. 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 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. See full non-independent research disclaimer.

Seize your opportunity

Deal on the world’s stock indices today.

  • Trade on rising or falling markets
  • Get one-point spreads on the FTSE 100, 1.2 on the Germany 40, and 0.4 on the US 500
  • Unrivalled 24-hour pricing

See opportunity on an index?

Try a risk-free trade in your demo account, and see whether you’re on to something.

  • Log in to your demo
  • Try a risk-free trade
  • See whether your hunch pays off

See opportunity on an index?

Don’t miss your chance – upgrade to a live account to take advantage.

  • Get spreads from one point on the FTSE 100, 1.2 on the Germany 40, and 0.4 on the US 500
  • Trade more 24-hour indices than any other provider
  • Analyse and deal seamlessly on smart, fast charts

See opportunity on an index?

Don’t miss your chance. Log in to take your position.

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
liveprices.javascriptrequired
liveprices.javascriptrequired
liveprices.javascriptrequired

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.