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Perhaps it is of no surprise to see that all the major European stock markets have opened higher this morning and that the FTSE 100 has grabbed the yellow jersey, but that is the scene right now. The FTSE 100 has been buoyed by a slight shift in the outlook for UK interest rates this morning, following the lower wages component of the latest unemployment data. That has pushed UK Gilts (Bonds) a little higher and also dented the pound slightly. The GBP/USD has now dipped below the lows seen yesterday, at 1.2795. The lower pound has also added some traction for the FTSE 100 and it is the standout performer in early European trading. The index is right now at 7,735
The quarter point cut from the Bank of England yesterday did push the FTSE 100 to a new all time high. The index rose to set a new record at 8,767.50...
If you asked me on Monday morning, as the DAX futures were pricing a potential reopening below 21k, would we see a new record above 21,800 ahead of...
Gold got crunched yesterday. The fall came as US stocks opened higher and we saw fresh records here in Europe for the DAX and the FTSE 100. So, Gold...
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