Following on from the previous update, noting the gains in the DAX futures this morning, following the higher close yesterday, the FTSE 100 futures are leading the way this morning. This has come following the release of the lower than expected UK CPI and RPI inflation reports and it is good news for the FTSE 100. As just noted, the FTSE 100 was the clear underperforming major European index yesterday, but it is talking a lead now. The index closed at 7,440, with a gain of just 14 points. However, the futures are pushing higher now and it could soon effectively reopen above 7,500. We shall see on that, but this latest UK inflation data has now caused the markets to bring forward the timing of the first UK interest rate cut next year and that is music to the ears of the FTSE 100 right now
FTSE 100 still choking on banking stocks
Last week the UK government announced it plans to sell all its remaining holdings of Nat West (RBS group) and that has seen the share price rebound...
Dow Jones futures slip after Moodys lowers Chinese outlook to negative from stable
Some days back I ran a series of updates looking behind the scenes at what is really unfolding in the Chinese economy and it is not positive at all...
DAX in the driving seat again this morning?
Yesterday the major European stock markets all set lower daily closes, but with one notable exception.That was the DAX, which only narrowly avoided...