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No rebound yet for the FTSE 100
The European stock markets have been open for around 30 minutes now and since that opening, there has been no rebound for the FTSE 100. In fact, it is falling to fresh session lows right now. The index effectively reopened today at below 7,420, although as usual, the official opening is always marked where it closed the night before and that was at 7,455 yesterday. The better than expected UK economic data (for the most part) has not helped it yet. Perhaps this endorses the BOE insistence, that UK interest rates are not going to be reduced any time soon and that is weighing on the index this morning too. Whatever the exact driver, the FTSE 100 is under downside pressure right now and all the time it remains camped below 7,500 that will probably persist
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