Pre Market 07:30 - November Ends on High Spirits, BTC makes Record Highs

FTSE futures suggest positive start  to the new month months up around 20 points to the 6290 level as Asian markets rallied overnight on positive economic data.

In yesterday's price action. the FTSE 100 initially rallied to the 6400 level before selling into a close at the lows of the day of 6266: a 140 point turnaround. The FTSE 250 did similar with a big intraday reversal to close at the lows. AIM has continued to rally making new post CV19 highs and closing up 1.2%

The US closed flat to negative with the DOW recovering half of its intraday 400 point slide ending the month up 13% a  three decade record

Gold slumped below 1770 yesterday  and appears to be forming a base with a potential rally from here as we enter a new month. Oil held around the $47 level, copper is bullish riding the improved PMI data and at multi year highs while the USD flounders at multi year lows helping to boost gold

BTC briefly broke out to new record highs yesterday before dipping back slightly and holding the 19,300 level

In Sentiment, F&G is at an extreme greed of 88 while the VIX has fallen back to 20 and the AAII is at extreme bullish levels of 48%.  Risk appetites at these elevated levels tend to be mean reverting so a correction is overdue

Today sees a slew of manufacturing PMI data across the regions  while the EU reports inflation figure : see calendar