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FTSE 100 pushes higher again following BOE move
The FTSE was already on the rebound ahead of the decision by the BOE to lower the base rate by 0.25%. Earlier today the FTSE 100 had fallen back to a session low at 8,335. It was already edging back towards the 8,400 handle again. Much earlier today the index did edge above that level when it topped out at 8,405.24. There is little doubt that the interest rate cut is supportive for equity markets, but as to how much that might be is hard to gauge at the moment, but certainly there is a prospect in the short-term of a move to fresh session highs today - we shall soon see, if that is the case
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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...
