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UK Q1 earnings in the spotlight right now for the FTSE 100
Yesterday, had the FTSE 100 been able to post a negative outside day reversal, that is exactly what it would have done. That is because the index set a new all time high and later closed below where it had ended on Tuesday. However, because the Index always reopens unchanged that technical set up is not truly possible. That said, the slide in the Nasdaq 100 futures after the close pushed all the European futures lower and the FTSE 100 was priced to open at 8,000 at one stage. It is off that low this morning amid a slew of UK Q1 earnings reports just now released, The impact of those has been mixed, with beats from Astra Zeneca and Unilever offset by some disappointment from Barclays and Sainsbury. The FTSE closed yesterday at 8,040 after setting a new record high at 8,092. It is just now priced to reopen at 8,045
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EUR/GBP near session lows after UK Service sector PMI data outshines
The UK flash March PMI data has now hit the screens. As mentioned in the previous update, the markets were not expecting much in the way of any... -
Next up UK PMI data- GBP/USD close to session highs right now
The Eurozone PMI data has just been released and that pretty much replicated what we had a little earlier from Germany, in that is was mixed, with a... -
DAX falls back after mixed German PMI data disappoints
Following on from previous update noting the better than forecast French PMI reports, the German equivalents have just hit the screens. Ahead of this...
