FTSE Expected to Open Mildly Higher
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A quick commet on the spread betting markets, supplied and sponsored by Spreadex.
Spread Betting Comment - 15 January 10 - 7:40am
The FTSE is tipped to open up around 3 points this morning just above the 5500 level.
A fairly flat day is expected with a lack of economic news from the UK, although markets may find some direction from US CPI figures at 13.30 and December Industrial production figures at 14.15.
With little overall movement in the FTSE since 5th January, investors are waiting to see whether this pause comes before a correction or before we see further gains.
JP Morgan is also due to report later today.
By Daivd Rees
Spread Betting Comment - 13 January 10 - 4:05pm
Markets have drifted slightly lower partly due to comments from the Greek PM, stating that Greece will "formulate a program based on our principles, on our targets, we can follow our own way".
This is either meant as a rallying cry or alternatively he is relying on misplaced optimism. Either way his comments were not well received by the markets.
Similarly the GB manufacturing figures from this morning have confirmed that the road to recovery will be far from straightforward for the UK.
However, Sterling has continued to strengthen as Andrew Sentance suggested that the economy was bouncing back from the recession and that next months end to the QE policy should not be extended or added to.
By Robert Pike
Spread Betting Comment - 13 January 10 - 7:15am
We are calling the FTSE down 2 points from yesterday’s close of 5498.
There was a slight rally in the states before the close has added some stability to the markets after yesterdays fall caused by China raising its bank reserve requirements.
This monetary policy tightening has worried markets as it may slow global economic recovery.
There is no data of note due out today.
By Arifa Sheikh-Usmani
Spread Betting Comment - 12 January 10 - 8:25am
US earnings season kicked off last night with Alcoa missing its expectations.
This coming on the back of last weeks weaker job data has contributed to a slightly uncertain start to the FTSE this morning and a feeling that equity markets have got ahead of themselves.
Closer to home, the news seems to be slightly more positive.
Tesco is this morning’s main news, and the markets best performer, as it reported figures ahead of analyst’s expectations whilst BRC retail figures out overnight were the strongest for four years.
By Arifa Sheikh-Usmani
Spread Betting Comment - 11 January 10 - 8:25am
There is a strong start to the markets this morning as US shares still managed to rally on Friday after weaker than expected Non Farm Payrolls.
This was continued as figures overnight showed that Chinese exports surged as well as their oil import figures.
This, coupled with a weaker Dollar due to the same weak jobs data, has boosted most commodities this morning.
With no other significant data out today, the market may well be expected to hold these levels in this session.
Shorters still remain under pressure but we are seeing new money entering the market slow down as investors wonder how long the markets can hold these high levels.
By Arifa Sheikh-Usmani
These comments do not constitute investment advice and neither Spreadex nor SpreadBets accept any responsibility for any use that may be made of them.
Article approved / provided by Spreadex which is authorised and regulated by the Financial Services Authority, register number 190941.
"FTSE Expected to Open Mildly Higher" last update by Spreadex, 15-Jan-2010
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