As mentioned below, we’re always trying to provide you with new thoughts, fact and opinion. Each weekday we now offer a free ‘closing comments’ update on the UK markets as they close.

Eg: Today’s comment was:

“Going into the final half hour of trading the FTSE remains weak, trading near session lows.

“The market has been on the back foot for most of the day with a brief rally evaporating by 9:00 a.m. The biggest casualty has been insurer Admiral Group. Although pre-tax profits came in as expected, it was the outlook for the year ahead that did the damage.

“Schroders surprised the market with a better than expected 35% rise in annual profits and this has helped it top the leader board for the day so far. But again, the company recognises that the year ahead could be a tricky one. Despite today’s rally, with the share price languishing near 18-month lows, investors may continue to bide their time before showing any confidence in the financial and bank sector.

“The continued downbeat outlook for the year ahead is not doing the FTSE 100 any favours at the moment. Today’s slide has put it back to levels not seen since mid-February.

“Taking a step back and looking at the bigger picture for a second, both the UK and US indices are currently stuck in broad sideways ranges that have been in place for the past few weeks. At the moment these markets are trading near the bottom end of this range so what we really need to see over the next couple of days is some strength to start coming in. However, if the FTSE 100 slips lower and breaks below the February lows around 5650, the worry for many investors may be that the trap door has opened once again and worse is yet to come.”

For more, simply see our ‘Late Trading Update‘.

Good Luck

BD

Clean Financial - Spread Betting