Pre Market 07:30: Pullbacks in Indices as Covid Dampens Sentiment: VIX Rises

FTSE 100 futures suggest an open down 25 points around the 6510 level: we may see the 6500 support level challenged today : Asia followed the US cautious levels

Indices

The UK indices rallied strongly yesterday on renewed hopes of a Brexit deal with the FTSE 100 upo over 1% and the 250 by over 2%: these faded as new data on CV 19 outbreaks suggested more restrictions were imminent. The FTSE 100 closed down 0.23% while the FTSE 250 held 0.8% into the close with AIM up 0,6%. The US closed negative in the S&P and DOW with tech up 0,7% as New York looks set to re enter lockdown

Commodities

Brent crude r is holding the $50 level and looks bullish though momentum is decreasing: Copper futures have dropped back to near the $350 levels while silver has broken out up 1.5% .Gold dropped to 1820 yesterday but has recovered and may be set to break out north

Sentiment

VIX remains has upticked to near 25 : F&G is at 69 down from recent extreme greed levels

Economic Calendar