Draghi's comments continue to lift FTSE

In mid-morning trading the FTSE 100 is up 24 points, at 6696, as Mario Draghi’s dovish comments from yesterday still echo around Europe. 

City of London
Source: Bloomberg

In London, the FTSE 100 is eyeing the 6700 mark as Draghi’s hint that QE could be on the cards is driving the equity market to its highest level in nearly two months.

EasyJet may be Europe’s second largest budget airline but its full-year figures were first class. Annual profits climbed by 22%, matching its own raised full-year guidance; despite the sunny update the share price is down 1.4%.

The airline industry is becoming less segregated as low cost carriers like easyJet and Ryanair target corporate customers, while Lufthansa and Air France have got budget passengers on their radar. There will be only one winner in the airline war and that is the customer.

British Land has the best of both worlds, as the London property market is booming and UK interest rates won’t be budging anytime soon. The real estate investment trust revealed a double digit increase in net asset value.

At a glance Enterprise Inns' figures are impressive as the company reported a full-year profit, but delving further into the figures you realise that adjusted profits were unchanged on the year. There is still no sign of a dividend and the outlook is not too bullish; the shares are down over 2% in early trading.

The surprise jump in UK inflation in October hasn’t led to a jump in the pound which suggests another leg down for sterling.

In the US, we are expecting the Dow Jones to open unchanged at 17,647 as Mario Draghi’s comments have left the US index futures unfazed.

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