Pre Market 07:30: Lockdowns Weighed Slightly on Sentiment
FTSE 100 futures suggest the cash will open 26 points lower at 6549 points lower around 6530 as the US sold-off marginally with the S&P down 1.5% and the DOW down 1.25%: still very much bullish
Indices
Heightened 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: with a delayed OPEC meeting on the cards, further restrictions on production may lift crude futures. 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
When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you'll be logged-in to this account.
DisagreeAgree
Connect with
I allow to create an account
When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you'll be logged-in to this account.
Pre Market 07:30: Lockdowns Weighed Slightly on Sentiment
FTSE 100 futures suggest the cash will open 26 points lower at 6549 points lower around 6530 as the US sold-off marginally with the S&P down 1.5% and the DOW down 1.25%: still very much bullish
Indices
Heightened 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: with a delayed OPEC meeting on the cards, further restrictions on production may lift crude futures. 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