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Will the Dog bark into the month end?-check out the FTSE 100 futures this morning
Yesterday the FTSE 100 was once again the dog of the European equity markets. The index was once again the worst performing major index. It closed 58 points lower, at 7,624, whilst there were record gains for the DAX and a higher close for the CAC 40 too. The FTSE 100 was sent lower by heavy losses in St. James Place and Reckitt. Yesterday evening, as the US futures all fell back after the close, that sent the FTSE futures lower and price a reopening below 7,600 this morning. However, since then the index future has rebounded to price a slightly higher opening this morning. It will not be long now until live trading resumes and looks in the balance, as to whether the index can rebound to any degree into the month-end, or further selling sends it to what would only be described as a disappointing monthly close. The FTSE is just nor priced to reopen at above 7,635
Market News
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Nasdaq 100 extends opening gains closer to the first technical correction level (corrected)
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here; it is at 20,325 and represents a 38.2%... -
Nasdaq 100 extends opening gains closer to the first technical correction level
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here that, it is at 20,325 and represents a... -
US consumer confidence and Richmond Fed both miss estimates- EUR/USD edges higher
The earlier noted US economic releases (consumer confidence, new home sales and the Richmond Fed index) have just hit the screens. As noted earlier...
