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FTSE 100 passes 8,500 for the first time ever
The FTSE 100 is still outperforming its European peers this morning. That outperformance has now see the FTSE rise above the 8,500 handle for the first time ever. It is possible that this breakout move above 8,474 could even extend further as the day unfolds. The index is still feeding off the UK mining merger speculation and lower UK yields. The UK 10 year note touched 4.90% at the start of the week. It is now falling very close to 4.60%. That coupled with the technical aspect to the index and the charts is pushing the index to fresh records this morning
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DAX set for a lower opening today
The DAX closed lower yesterday. Earlier in the session the index had reached a high at 23,702 and then fell back into the close. The low seen was set...
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Gold takes out first corrective target
Since the last update here looked at gold this morning, the metal has now fallen below any technical support noted at $3,132.17. Gold has not long ago... -
UK Q1 GDP better than forecast- GBP/USD yet to break fresh ground on the day
That whole raft of UK economic data has just hit the screens. The upshot of all that lot is slightly better on some and not so hot on others. The Q1...
