This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
FTSE 100 pushing up once more
The FTSE 100 is turning higher once again this morning, following on from a small overnight pullback. The promise of a US tax reform push this week has boosted stocks, and this looks set to continue.
With the price breaking through 7546 this morning, it looks likely we are set for another day of gains, where the ability to remain above 7535 will prove key to that view. A break below there would point towards a wider retracement of the move up from 7432. Until then, further upside looks likely from here.