Trading Volumes Lighten Ahead of US Non Farms Data: Financial Spread Betting News
Financial Market Comments from Anthony Grech, Market Strategist, IG Index.
In mid-morning trading, UK shares have continued to push higher, with the FTSE nudging back towards its highs for the year near 5600.
Financials are leading the way this morning, with Standard Chartered reporting record profits as expected.
Unsurprisingly, volumes are a little lighter than normal this morning with many traders preferring to stand aside until the latest US Non-farm payrolls announcement is out of the way.
Expectations are for a loss of around 65,000 jobs by the US economy in February. However, with the recovery in stock markets so strong at the moment it looks like it would take a much worse than expected number here to dent confidence.
Looking ahead to the US open at the moment the Dow Jones index looks likely to get off to a positive start, with overnight trading currently pointing to a 35 point gain.
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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.
Content provided by IG Index which is Authorised and regulated by the Financial Services Authority. FSA Register number 114059.
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