» » UK Market Update Wed 10 April 19: ASOS Pops, INDV Shocks, FTSE 250 Rallies While the 100 and 350 are Flat

UK Market Update Wed 10 April 19: ASOS Pops, INDV Shocks, FTSE 250 Rallies While the 100 and 350 are Flat

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All UK indices were relatively flat today as the outcome from the Brexit extension is awaited. The UKX and NMX closed unchanged while the mid cap MCIX rallied back 0.3% buoyed by GFS +20%, PAGE +5.5%, SXX +4.3% and AMGO +3.6%  with many of the £2Bn+ cap stock rallying over 2%.

The AIM All-Share rallied over 0.7%  helped by ASOS up almost 8% on results while BUR was up 4.2% and FEVR +3%. TSCO rallied over 3.6% on earnings making F&D Retails the stand-out sector today up 2.3%. RB dropped over 6% on a broker downgrade while INDV fell almost 70% on fraud charges

GBP rallied over 0.4% against USD on hopes of a delayed Brexit while Brent crude continued its northward journey up 0.8% . In the metals, gold was up 0.5%, copper down -0.2 while iron ore lost almost 1%

Market sentiment continues to shoe relatively little concern across the US, UK VFTSE and EU VSTOXX while the Fear & Greed index is showing a greed rating of 69

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