Wij gebruiken een aantal cookies om u de best mogelijke browser ervaring te bieden. Door deze website te blijven gebruiken, gaat u akkoord met ons gebruik van cookies. U kunt hier meer leren over ons cookie-beleid of door op de link te klikken onderaan iedere pagina van onze website.
The early trading session in the FTSE fleetingly gave the bulls the hope that the equity index might be able to move into positive territory for the year.
European equity markets have benefited from the positive boost out of the Asian markets. Asian traders appeared nonplussed as debt rating agency Moody's again appeared to be playing catch-up with traders' thinking when it downgraded Chinese debt.
Considering the run that FTSE equities have enjoyed since the 12 February this mild sell-off will be taken in its stride, although tinged with disappointment that 6200 has proven to be too big a hurdle to clear at the first time of asking.
Better-than-expected ADP employment figures out of the US has failed to ignite optimists’ enthusiasm.
Sterling has spent the day clawing back some of its lost strength against the dollar, bouncing back up to the $1.4060 region. This momentary burst of bullishness will no doubt have a short life.
BlackRock has joined in with the chorus of City firms warning of the Armageddon should the UK depart the safety of the EU, a message that might carry a little more weight with Middle England if it were to come from firms out of the City.
In conjunction with equity markets, oil prices have enjoyed a resilient few weeks rallying from their early February lows. Once again, the unmistakable correlation between the oil price and the equity markets has been clearly shown. Today’s oil inventories of 10.4 million barrels added to the estimated total of over 1 billion barrels of global inventories. As much as a cut from the producers would trigger a market move, at these levels it would take months to unwind the reserves already being held.
FTSE 100 risers and fallers (as of 4pm)