CFDs are complex instruments. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money. CFDs are complex instruments. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

FTSE 100 futures trading higher after index ends week in positive territory

FTSE 100 futures are trading higher after market close on Friday, after the blue-chip index ends the week in positive territory with BT and William Hill leading the pack.

FTSE 100 futures are trading higher after market close on Friday, after the UK equities ended the week in positive territory with standout performances by telecoms company BT and bookmaker William Hill.

William Hill saw its share price climb 8% to close at 115p per share on Friday after it reported better-than-expected earnings, with the overall impact of a world without sport not damaging the bookmakers bottom line as much as analysts predicted.

BT also helped lift the FTSE 100, with the stock closing out the week 5% higher to close at 107p per share, with investors excited by rumours that the telco is lining up potential buyers looking to buy a chunk of its Openreach business.

The FTSE 100 closed out the week 1% higher at 5799 points, but overall the index fell more than 2% over the last five trading sessions as the economic fallout from the Covid-19 crisis continues.

‘Maximise your opportunities to profit by trading on the weekend with IG. We offer 24/7 trading on the FTSE 100 and other global indices. Open a live or demo account today to get started

UK stocks stage a recovery

Having staged a bounce from the lows yesterday it will be interesting to see if the FTSE 100 can maintain this move and push higher. However, we have seen lower highs since Wednesday, at 5950 and 5890, and if the bounce from yesterday’s lows fails to recover 5900 then further losses may be in store, according to Chris Beauchamp, chief market analyst at IG.

‘These declines will head towards 5660, and below this a lower low is created, ’ Beauchamp added.

‘However, the index has now bounced from 5660 twice in a month, so this is a key level for both sides to watch.’

US factory output hits 23-year low amid Covid-19

US stocks opened lower on Friday, but remained relatively resilient considering that investors were met with bleak industrial production data.

‘Manufacturing output has fallen to the levels last seen in 1997. Excess supply will undoubtedly hurt capital expenditure in coming quarters with more significant job losses expected,’ James Knightley, chief international economist at ING said.

‘We are hoping that May should post a better manufacturing outcome with a number of production facilities restarting, but it is likely to be slow,’ he added.

US factory output fell 11.2% in April – the largest monthly fall since records began.

How to trade the FTSE 100 with IG

Looking to trade the FTSE 100 and other major indices? Open a live or demo account with IG and buy (long) or sell (short) shares using derivatives like CFDs in a few easy steps:

  1. Create an IG trading account or log in to your existing account

  2. Enter ‘FTSE 100’ in the search bar and select it

  3. Choose your position size

  4. Click on ‘buy’ or ‘sell’ in the deal ticket

  5. Confirm the trade

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.

This information has been prepared by IG, a trading name of IG Markets Limited. 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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