Home » New Musings » Pre Market Tues 08 Dec 20: Pre Market 07:30: Markets Lull After November Exuberance. Brexit Bashes GBP

Pre Market Tues 08 Dec 20: Pre Market 07:30: Markets Lull After November Exuberance. Brexit Bashes GBP

Pre Market 07:30: Markets Lull After November Exuberance. Brexit Bashes GBP

Ftse 100 futures signal an open 31 points down at 6524 from yesterday's close of 6555

US paused and pulled back mildy last night and Asia was similarly flat to negative though the FTSE 100 did advance yesterday led by BATS and other defensives and buoyed by a weaker pound as Brexit fears impacted the pound. The FTSE 250 was feeling the fear and pulled back 1.7%  while AIM ALl-Share ticked up another 0.5%. All the UK Indices are bullish and extended so a paring of some gains is not unexpected.

Gold broke out and cleared the 1865 while copper stalls around the 3.52 level still at multi year highs . Brent is paring some of the gains at $48.3

 

Sentiment is showing some signs of concern though not many : VIX has upticked slightly at 21.5 though the F&G index is still extended into Extreme Greed

 

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