US rally boosts FTSE

In mid-morning trading the FTSE 100 is up eight points as UK equities are pushed higher the by US rally last night.

Copper has hit a three-week high as an enormous earthquake off the coast of Chile as sparked fears of a tsunami. Traders are concerned that copper supplies will suffer following the natural disaster. 

Mining companies are in demand as metal prices are higher today. 

Traders have now become accustomed to the standoff between Russia and the west. Unless there is a dramatic development, the crisis in Crimea is unlikely to rattle the markets. 

ASOS is in fashion as the online retailer brought in over two million new customers in the first half of this financial year. Its profits fell as its expansion into China impacted the bottom line, but it will pay dividends in the long run. 

IG clients have an appetite for Just Eat; the online takeaway service is set to float and our grey market shows that clients are currently anticipating a market capitalisation of £1.4 billion. 

IG's Alibaba grey market is currently showing a market capitalisation of $200 billion. When we first offered the grey market the price started at $180 billion; since pushing past $250 billion it has now fallen slightly. 

In the US, we are expecting the Dow Jones to open ten points higher at 16,542 after positive economic indicators from the US yesterday. 

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.