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FTSE 100 futures indicate a non-tech value rotation at play
The European stock markets are just now about to reopen and the one index that seems to stick out just now is the FTSE 100. The index was the worst performing major European index in relative terms yesterday. However, as noted here earlier, the FTSE 100 still closed higher yesterday. The index gained 29 points, to close at 8,223. It is set to reopen just now at around 8,270 and currently the best of the European futures, as live trading is about to get underway. So, it seem the gains in the GBP/USD since yesterday are not standing in the way of the opening. There appears to be some value rotation back in its favour too and that is all about the slide in tech stocks yesterday. The FTSE has no tech and that could underpinning the flow back into the futures price this morning.
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Nasdaq 100 extends opening gains closer to the first technical correction level (corrected)
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here; it is at 20,325 and represents a 38.2%... -
Nasdaq 100 extends opening gains closer to the first technical correction level
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here that, it is at 20,325 and represents a... -
US consumer confidence and Richmond Fed both miss estimates- EUR/USD edges higher
The earlier noted US economic releases (consumer confidence, new home sales and the Richmond Fed index) have just hit the screens. As noted earlier...
