FTSE soars after ECB announcement

Heading into the close the FTSE 100 is up 90 points as central bankers keep their policies unchanged.

UK stocks hold gains

Equities pushed higher in anticipation of the European Central Bank loosening its monetary policy, with stocks holding onto their gains in anticipation of Mario Draghi having something up his sleeve. 

In the end nothing new was delivered, with the ECB chief claiming he does not see any signs of deflation; however, I suspect that he simply does not want to give into the pressures of quantitative 

easing from equity markets. Mr Draghi may chose to ignore weak consumer confidence and narrow credit lines but he knows a stimulus package is a last resort. 

SuperGroup is in fashion with investors after the company revealed a solid Christmas period.  

Tullow Oil sealed a deal with the Ugandan government to start oil production in the country. Statoil will announce its quarterly figures tomorrow; the Norwegian company has been eyeing the Irish oil and gas explorer recently, and both could move on the back of the earning announcement. 

Unemployment benefit boosts Dow

In the US the Dow Jones is up 130 points at 15,570, as the number of people claiming unemployment benefit dropped more than expected which puts the market in a good position ahead of the jobs report tomorrow. 

Shareholders in Twitter had very little to say for themselves after the stock opened over 20% lower today, after the social media firm revealed a loss last night. 

The New York Times must be read all over as the stock is in the black today; the share price is 5% higher as quarterly revenue exceeded estimates. 

Gold knocked by equities

Gold has dipped as the excitement surrounding equities has taken the shine off the precious metal. 

Currency war cools off

The US dollar is off against most major currencies as panic over a currency war has dimmed.

IGA, may distribute information/research produced by its respective foreign marketing partners within the IG Group of companies pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, IGA accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed.

This information/research prepared by IGA or IGA Group is intended for general circulation. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. You should take into account your specific investment objectives, financial situation or particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. 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. In addition to the disclaimer above, the information does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any views and opinions expressed may be changed without an update.

See important Research Disclaimer.