FTSE 100 set to open lower this morning
The FTSE 100 was once again the positive outlier in terms of the major European stock market indexes on Friday. It was the only one to avoid a lower close, where once again the CAC 40 led those losses. The FTSE 100 only closed 5 points to the better though, ending the week at 7,683. Well, this morning it looks set to open lower as the DAX once again looks like reopening below its 200 day moving average. The lower GBP/USD and still relatively elevated oil price does not appear yet to be helping the outlook for the FTSE. It will shortly reopen and it will be interesting to see, if it can rebound on that opening shortly again or not. That opening is being currently priced at around 7,660
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