FTSE 100 futures set to open at 6560 from a close of 6550 on Friday as Brexit negotiations extend. Price actions suggest markets have priced in a reasonably high probability of success as the last minute histrionic seem to be largely ignored by the markets. A deal is expected though price will likely react favourably once this is announced. Conversely a no-deal is likely to catch markets off-guard and may result in violent price reaction.
Sentiment remains highly elevated with the F&G at 89- Extreme Greed while VIX hovers around 20 which is relatively benign by recent standards. AAII sentiment has bullishness stretched to almost 50% from a normal of 38%
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Pre Market 07:30: Asia Flat, Futures Flat
FTSE 100 futures set to open at 6560 from a close of 6550 on Friday as Brexit negotiations extend. Price actions suggest markets have priced in a reasonably high probability of success as the last minute histrionic seem to be largely ignored by the markets. A deal is expected though price will likely react favourably once this is announced. Conversely a no-deal is likely to catch markets off-guard and may result in violent price reaction.
Sentiment remains highly elevated with the F&G at 89- Extreme Greed while VIX hovers around 20 which is relatively benign by recent standards. AAII sentiment has bullishness stretched to almost 50% from a normal of 38%