FTSE 100 Spreads Rally as Fed Decides to Hold Rates Until 2014
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UK Market Comment, 26 January 2012
Closing comments from Will Hedden, Sales Trader, IG Index:
All systems continue to be go for shares, as the FTSE 100 touches 5800 for the first time since last August.
After a brief sojourn above that 5800 level, the FTSE 100 looks set to close in more modest territory, but still 1% better off.
The market is feeling sprightly today after the US Fed broadcast their relaxed monetary stance.
The bulls believe these are the green shoots of an upcoming money printing binge that could propel us towards a 6000 handle.
There are two big names who miss out today's optimism: Morrisons (-1.5%) are lower having reported an expansion in their children's business, and Carnival (-2.2%) move lower as the Costa Concordia saga continues.
While the Eurozone risk still remains, not to mention other potential external shocks, think Iran and crude oil, we do seem to be picking up some momentum as we head into the spring.
The macro-economic picture does lag the stock market, and in this case our heavy overseas weighting helps lift our main market when perhaps equities should struggle more.
How and where to spread bet on:
FTSE 100, where to find free charts, live pricing, how to trade etc >> FTSE 100 Spread Betting
Morrisons, where to find free charts, live pricing, how to trade etc >> Morrisons Spread Betting
The above comments do not constitute investment advice and neither IG Index nor Clean Financial accept any responsibility for any use that may be made of them.
IG Index » "With IG Index you get all the normal advantages of
Spread Betting plus 8000 markets, narrow spreads, advanced charting,
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IG Index review.
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UK Market Comment, 25 January 2012
Closing comments from Rupert Osborne, Futures Dealer, IG Index:
Heading into the close, the FTSE 100 has slipped lower, down around 45 points after a day of restrained selling.
US shares have failed to register gains this afternoon despite having been expected to bounce back following the stronger Apple results last night.
It may be that most people are sitting on the sidelines, awaiting the latest pronouncement from the Fed on monetary policy.
Although this is expected to signal little change, it will be interesting to see how the complete set of Fed experts view the economy.
Meanwhile, in London, this morning’s weak GDP reading continues to make itself felt.
It would be a mistake to read too much into this, as there is not exactly much difference between 0.1% and 0.2%, but it has tempered some of last week’s resolute optimism.
The silence from Greece remains deafening, with no deal yet in sight for this struggling nation.
And now, it seems as if Portugal is slipping over the edge, with Lisbon’s bond yields ticking up noticeably.
Investors are worried that the country is running out of time to stabilise its finances, which could prompt calls for a second bailout for Portugal.
For the moment, the bulls can take comfort from the fact that the FTSE has remained above 5700, but it will need some good news to put it back on the strong form we saw last week.
How and where to spread bet on:
Apple, where to find free charts, live pricing, how to trade etc >> Apple Spread Betting
US Shares, where to find free charts, live pricing, how to trade etc >> US Shares Spread Betting
The above comments do not constitute investment advice and neither IG Index nor Clean Financial accept any responsibility for any use that may be made of them.
IG Index » "With IG Index you get all the normal advantages of
Spread Betting plus 8000 markets, narrow spreads, advanced charting,
24 hour spread betting ..." » read
IG Index review.
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Risk Warning: Financial Spread Trading and CFDs carry a high level of risk to your capital. You may lose more than your initial investment. They may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
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'FTSE 100 Spreads Rally as Fed Decides to Hold Rates Until 2014' edited by AG, updated 26-Jan-12
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