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FTSE 100 futures getting out of jail this morning
On Friday the downside pressure on the FTSE 100 ensured it closed the week with a 20.54 point loss and that close was below the 8,250 handle. The index eded the day at 8,248.84, but it did manage to hold above its 100 day moving average, in place then and now at 8,243. However, later in the evening the index futures fell back and at one stage it was pricing the opening this morning as low as 8,220. Since then though, the FTSE has seemingly received a get out of jail free card, thanks entirely to the gains in the Nikkei 225 and the US futures at the same time. So, right now the opening outlook is a little brighter for the FTSE 100 this morning. So, it will be interesting to see, if the index can build on that, when live trading resumes. To be honest with you and notwithstanding what happens in those other markets, serious doubts do remain here again today, with the UK budget looming ever closer this week. We shall see how live trading evolves in the next hour. The FTSE 100 is currently priced to reopen above 8,270
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