FTSE tiptoes to its festive close

As the market finishes for Christmas, the FTSE is flat on the day, but is still holding on to its gains for the week.


Volumes are thin across Europe today, with some markets already shut for the holidays. However, in London the session has seen the FTSE 100 add some small gains to its tally for the week, having seen a decent bounce over the last two days.

Even now, miners are in the news, having dominated the agenda so much of late.

Anglo American has managed to add some small change to its dwindling cash pile as it sells off a coal mine in Australia – disposals were a key theme for miners in recent months, and the fire sale will continue into the New Year.

It has not been a great year for the FTSE 100, which is currently down almost 5% since January, with the FTSE 250 coming out with an 8% gain so far.

With commodities still in a slump, the mid-cap index is likely to start 2016 in much better form than its bigger brother.

A shortened session on Wall Street awaits US traders, and while the Dow Jones and S&P 500 have clawed their way off the lows of the year, it has not been the greatest period for stocks.

However, we have realised that there is life beyond the Federal Reserve rate hike, and with the US economy still looking robust, optimists will be hoping that 2016 will mark a return to decent gains for equities.

Ahead of the open, we expect the Dow to start at 17,560, down 40 points from last night’s close. 

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.