Pre Market 07:30: Lockdownd Weigh on Sentiment

FTSE 100 futures suggest the cash will open 26 points lower at 6549  points lower around 6530 as the US sold-off with the S&P down 1.5% and the DOW down 1.25%

Indices

Expectation of another lockdown led to an intraday reversal in the UK and European Indices as the trading year started in strong green but reversed towards the close: the FTSE 250 closed +0.24% while the FTSE 100 outperformed up 1.7% and AIM All Share at +0.4%. All of the UK indices remain strongly bullish

Commodities

Brent crude oil also reversed intraday mirroring the reversal of economic activity expected by more lockdowns:  crude has been in a sideways pattern since making a high in mid December and looks to sell off with a return to below $50. Gold has resumed its upward thrust rallying over 2.4% yesterday to clear $1940. Copper continues in a sideways motion and is consolidating around the 21 EMA around 3.51

Sentiment

The VIX spiked to 28 yesterday but settled back to around 27% which suggests more protection being sought

Economic Calendar

In the  economic calendar

8 UK Companies Reported by 07:30