FTSE 100 Trading Higher in a Tempered Market
Financial Market Comments from Philip Gillet, Sales Trader, IG Index.
In mid-morning London trading UK shares are slightly higher.
It is a reversal of fortune that is lifting the FTSE 100 up today, with a bounce back by the mining sector helping to lift sentiment across the market.
However, tempering the rise has been the latest UK factory production figures, showing a drop in May – doing little to ease investors’ fears that economic recovery is still some way away.
Looking ahead to the US market open, we are expecting a flat start for the Dow Jones index, with little change from last night’s close.
There is little of note on the economic calendar, suggesting a directionless day ahead, and it would not be surprising to see stock markets edge lower as traders choose to stay on the sidelines before the earnings season gets into full swing.
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Good Luck!
DB
The above comments do not constitute investment advice Clean Financial accepts no responsibility for any use that may be made of them.
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