Biggish movements in the markets this morning have virtually wiped out the 2nd tranche of the Obama sell off. In late action on Friday evening the FTSE futures took the market down another 120 points from the 16.30 close but the first forty minutes of action this morning have completed the rehabilitation and the... »
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Daily Market Commentary 21/01/10
Once again European indices are being influenced by China and this time it’s their GDP numbers that give cheer to investors back home. The number from China beat expectations rather impressively and so mining stocks quoted in London will be leading us higher this... »
Daily Market Commentary 20/01/10
Most Markets traded almost exactly in the defined ranges yesterday making our clients a happy bunch. The FTSE helped by the Citibank numbers bounced off of 5430 all the way up to resistance at 5530 and then retraced from here. Easy if you know how! »
Daily Market Commentary 12/01/10
Markets continue to be influenced by news flow from the Far East and Asia and again this morning weakness in Asian markets is affecting European indices on the open. »
Daily Market Commentary 11/01/10
Excitement out of the Far East as China’s economic numbers give rise to hopes that the ‘US effect’ which has dominated the last 60 years might be replaced/augmented by... »
Daily Market Commentary 8/01/10
The banking and mining sectors continue to bolster the FTSE but with the domestic weather situation likely to damage revenues, on top of the warnings for prospects later in... »