» » UK Market Update Thurs 11 July 19: GBP Bounceback dents FTSE 100: FTSE 250 and AIM Advance: Oil Up

UK Market Update Thurs 11 July 19: GBP Bounceback dents FTSE 100: FTSE 250 and AIM Advance: Oil Up

posted in: Market Narrative | 0

US indices made new all-time highs yesterday on Fed dovishness and the expectation of an interest cut. This did not include the small caps (US Russell index) which are lagging the main markets as in the UK.

Today saw GBP gain strongly against a weaker dollar as yesterday’s double bottom reversal plays out. A stronger pound will trim the FTSE 100 big caps but boost internal UK companies so  the FTSE 100 dropped 0.2% today while the FTSE 250 rallied 0.25%.

AIM continues its move north with the All-Share up 0.23%.

The TechMARK recovered 0.25% today after 4 days of selling: it has reclaimed the 21EMA which suggests the uptrend remains intact if dented

Oil up again today by 0.35%:  with tensions in the Persian Gulf, storms in the Gulf of Mexico, lower inventories than expected in the US -  the short to medium term prospects for oilers looks bullish. O&G services was the standout performer again today up 2.9%

 

UK Markets    FTSE 350     FTSE 250    AIM All-Share   Short Interest    Market Sentiment    Sector Deep Dive

Click on the above links to open the individual market reports
Today in One CLICK TO ENLARGE IMAGE
UK Daily Indices CLICK TO ENLARGE IMAGE
Sentiment Dashboard CLICK TO ENLARGE IMAGE
FTSE 250 Sectors and Shares CLICK TO ENLARGE IMAGE
FTSE 350 Sectors Daily Heatmap CLICK TO ENLARGE IMAGE
AIM All-Share Sectors and Outperforming/Underperforming Shares CLICK TO ENLARGE IMAGE
UK FCA Short Interest CLICK TO ENLARGE IMAGE

Leave a Reply

Your email address will not be published.