FTSE lifted by thin volumes

Heading into the close, the FTSE 100 is 40 points higher, as thin volumes lead to a gentle levitation in stocks.

Source: Bloomberg

Even with two days to go until the Christmas holidays begin, it already feels like most traders have deserted the City of London. ‘Watching paint dry’ would be too strong a phrase to describe today’s market action in London, with the rangebound trading made even more unbearable by the knowledge that more is likely to follow tomorrow.

The index has held above the lows of yesterday’s session, but bullish sentiment is nowhere to be found.

The light volumes that prevail at this time of year make it easy to understand why such underperformers like Anglo American are enjoying a bounce today, but it is merely a passing fancy – normal service will be resumed in the new year.

While European markets are off their lows, it has proven difficult to maintain the bounce, especially since noteworthy data is all but absent.

US markets have made tentative gains, but even here the feeling is of a gradual wind down into Christmas. Durable goods orders tomorrow will provide a highlight, but as the time before Christmas slips away, a final festive rally looks like an increasingly unlikely prospect. 

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. See full non-independent research disclaimer and quarterly summary.

Find articles by analysts

Een artikel zoeken

Form has failed to submit. Please contact IG directly.

  • Ik wens per e-mail informatie van IG Group bedrijven te ontvangen over handelsideeën en IG's producten en diensten.

Voor meer informatie over hoe wij uw gegevens mogelijk kunnen gebruiken, bekijkt u ons Privacy- en toegangsbeleid en onze privacy website.

CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen. 79% van de retailbeleggers lijdt verlies op de handel in CFD’s met deze aanbieder.
Het is belangrijk dat u goed begrijpt hoe CFD's werken en dat u nagaat of u zich het hoge risico op verlies kunt permitteren.
CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen.