FTSE 100 Futures point to lower opening on Thursday

IG’s FTSE 100 pre-market data indicates that the benchmark could start lower on Thursday (22 July 2021).

  • FTSE 100 Futures were trading as low as 6,930 on Thursday (22 July)
  • This is down nearly 1% from the previous day’s closing of 6,998
  • The Footsie ended higher for a second straight day on Wednesday to post its best day in five months, led by travel and aviation stocks
  • Monday’s ‘sudden drop looks more and more like a sudden air pocket’, says IG analyst Chris Beaucham
  • Interested to go long or short on the FTSE 100 index? Open an account with us today.

FTSE 100 Futures: what’s the latest?

UK blue-chip barometer FTSE 100 index is down in overnight trading, IG data indicates.

IG's live FTSE 100 Futures price estimates showed the index trading at a median level of around 6,940 as at 05:30 GMT+1 on Thursday. Earlier, the index had hit as low as 6,930.

Why did the FTSE 100 close higher on Wednesday?

This represents a 0.8% decrease from the previous day’s gains, when the Footsie had posted its best day in five months to close 117 points higher at 6,998.

The rally was led by travel and aviation stocks, including aircraft engine maker Rolls-Royce, which recorded the largest increase of the day, up 7.7%.

This was closely followed by fashion retailer Next, whose share price rose 7.5%, after reporting strong sales and raising its profit forecasts in its latest financial results.

Meanwhile, travel and hospitality firms, including Premier Inns operator Whitbread (+6.1%), catering firm Compass (+5.6%), and British Airways parent company IAG (+5.6%), were the next biggest gainers.

This is a stark contrast from Monday’s performance, when the FTSE 100 had sunk 2.3% to a two-month low amid a rising number of coronavirus cases in the UK.

‘Tuesday’s rally has extended into a second day, and Monday’s sudden drop looks more and more like a sudden air pocket that produced excitement but little lasting impact,’ said IG chief market analyst, Chris Beauchamp.

What’s the FTSE 100 outlook?

Beauchamp believes that the bull market will get back on track again, ‘if Monday does turn out to have been a sudden summer squall’.

He added that the overall bullishness ‘will also bolster the ongoing parallels with 2013 and 2017, which both followed on the heels of volatile years but were themselves examples of quiet but relentless equity market rallies’.

IG’s client sentiment data shows that 73% of retail traders are net-long as of 22 July. On Tuesday (20 July), the number of traders on net-long hit 86.77%, the highest since 28 February this year.

What’s your view of the FTSE 100? Take a long or short position now.

Trade what you want, when you want, with over 80 top global indices and more trading hours than anyone else with us, the world’s No.1 choice for CFD trading.* Open an account to trade indices CFDs now.

* Based on revenue excluding FX (published financial statements, June 2020.

IGA, may distribute information/research produced by its respective foreign affiliates within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

The information/research herein is prepared by IG Asia Pte Ltd (IGA) and its foreign affiliated companies (collectively known as the IG Group) and is intended for general circulation only. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

Please see important Research Disclaimer.

Take a position on indices

Deal on the world’s major stock indices today.

  • Trade the lowest Wall Street spreads on the market
  • 1-point spread on the FTSE 100 and Germany 40
  • The only provider to offer 24-hour pricing

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

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


Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 20 mins.

The Momentum Report

Get the week’s momentum report sent directly to your inbox every Monday for FREE. The Week Ahead gives you a full calendar of upcoming key events to monitor in the coming week, as well as commentary and insight from our expert analysts on the major indices to watch.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

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.