Pre Market 07:15 Sideways Awaiting More Vaccine Cheer

FTSE 100 futures signal a drop of over 50 points to open around the 6330 level
Wall Street continued to pullback with the S&P, NASDAQ off 0.5% while the DOW made new highs +0.3% with Asia down similarly overnight
Vix is up at almost 24 while F&G drops back slightly to 63 (Greed) See market dashboard

All of the UK indices closed in green as the afterglow of good news from the Pfizer and Moderna vaccines continued to stimulate risk appetites: the FTSE 100 gained 0.3% while the FTSE 250 made another post Covid high rallying almost 1% on the day as did the AIM All-SHare up 0.6%

Brent cleared the $44 level while gold's continued weakness sees the metal likely to test a lower channel line in its sideways consolidation: this may be an extended bull flag and then breakout north to retest previous highs if the 1850 level holds. That's likely to be triggered by the return of a worry trade stimulated by macro or worsening sentiment. ( see chart below)

The sector heat map below shows the bright spots were banks, Household & Home Construction with Tobacco, Non Life Insurance and Food & Drink Retail all outperforming (theses heatmaps are available in the Market Dashboard and can be sliced by Index and drilled down to individual components)