Skip to main content

FTSE 100 under pressure as Quadruple Witching bites

Following on from an earlier update, noting today is quadruple witching day, the FTSE 100 seems to be the index suffering the fallout from that the most. There is also some talk of a couple of major stocks exiting the index for shores afield and that is also weighing on the index. The further gains in the pound is not helping it much either right now. So the FTSE 100 is the only major European index in the red this morning. The Spanish IBEX and Swiss SMI are also though. The FTSE 100 has fallen back from an earlier high at 7,668 and now approaching that 7,600 handle again. The low seen yesterday afternoon was set at 7,609 and it has tested that already a short while ago. The losses in the FTSE are also beginning to weigh on the DAX it seems as that comes back from its earlier session highs at 16,890 

Ready to Get Started?

Start here. Join 2.9M Libertex users around the world!