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FTSE 100 has support on one hand but not so on the other
On Friday all the major European stock markets set lower closes. The worst performing index in percentage terms was the FTSE 100. That handed back 0.86%, compared to a loss of 0.79% for the CAC 40 and 0.50% for the DAX. The FTSE 100 had earlier peaked at 8,326.32 and subsequently closed 71.20 points lower, at 8,248.49. Earlier in the week The FTSE had hit a low at 8,189.50 on January 8. Just ahead of the opening, the index futures are in the red this morning and it remains to be seen if the index can continue to feed off the lower GBP/USD and the higher oil prices again today. Those dynamics are certainly positive, whereas the higher UK yields still in place this morning are not. It will be interesting to see which might win out when the index reopens in a couple of minutes
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Nasdaq 100 futures lead the way this morning
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Nasdaq 100 opens in the red
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