ITV Leads Cautious UK Shares Spread Betting Markets After Italian Leadership Change
In mid-morning trade the FTSE 100 is now broadly unchanged, giving back some earlier opening gains.
After the Italian leadership change over the weekend, following the passing of austerity plans, markets seem to be back in wait-and-see mode regarding the next stage of the European debt crisis.
For a change, major movers on the UK shares markets are being driven by actual results updates.
ITV is putting in a good performance, up 3% on the day so far, after better-than-expected third-quarter numbers.
The share price has risen by almost 30% in the last couple of months but so far at least there still seems to be a healthy appetite out there among investors.
Looking ahead to the US open at the moment we are forecasting a slightly stronger start for US markets, with the Dow currently expected to open around 20 points higher.
There is nothing of any note on the US calendar today so we may well end up with a session like Europe so far; a distinct lack of commitment and all eyes still on developments in Italy.
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Financial Market Comments from David Jones, Chief Market Strategist, IG Index.
The above comments do not constitute investment advice and Clean Financial accepts no responsibility for any use that may be made of them.
Content provided by IG Index which is Authorised and regulated by the Financial Services Authority. FSA Register number 114059.
November 14, 2011 No Comments