|Day's Range||7,356.16 - 7,406.53|
|52 Week Range||6,678.70 - 7,599.00|
The FTSE 100 Index fell during the week, breaking below the 7400 level. Now that we are below there, it’s likely that we will continue to drift a bit lower, perhaps reaching towards the bottom of the recent consolidation area, which I see as the 7200 level. The 7400 level is essentially “fair value” in … Continue reading FTSE 100 Index Price forecast for the week of November 20, 2017, Technical Analysis
U.K. stocks slip and log a second straight weekly loss on Friday, pushed lower by a stronger pound. Sterling is rising against the dollar on the back of a report that Donald Trump’s campaign has been ordered ...
British stocks fell back into the red on Friday, ending a short-lived recovery, as takeover interest boosted Sky and construction firm Carillion plummeted after warning it would breach debt covenants. The FTSE 100 (.FTSE) marked its second week of losses as a worldwide sell-off took the shine off risky assets, and Thursday's bounce proved to have little staying power. Corporate news drove the most attention-grabbing moves, from Sky on the blue-chip index to Carillion among small-caps.
The only event of note today was the speech from Draghi which happened during the London session where he expressed his continued concern with the inflation. We have seen that the incoming data from the Eurozone has continued to be good, especially the ones from Germany but that seems to be having little effect on … Continue reading Market Snapshot – Dovish Draghi Helps the Stock Markets
Germany’s DAX Index fell for five consecutive trading days and regained strength on Thursday. The DAX Index opened higher on November 17, 2017.
European stock markets are mostly slightly down, with the DAX swinging between gains and losses as the EUR hovers around the 1.18 mark against the USD. The FTSE 100 is underperforming slightly, initially weighed down by a stronger pound, although the currency pared some of its earlier losses after comments from Brexit Secretary Davis suggesting … Continue reading A Dovish Draghi is Good for Riskier Asset Prices
European shares closed slightly lower on Friday, as investors digested new trading updates and followed the moves in markets Stateside.
The FTSE 100 rallied slightly during the trading session on Thursday, but continues to struggle at the 7400 level. There is a gap above there that continues to offer bearish pressure, but I think that if we can get above the 7415 handle, the market should continue to go much higher, perhaps reaching towards the … Continue reading FTSE 100 Index Price Forecast November 17, 2017, Technical Analysis
GKN was forced to sack the man it appointed as its new chief executive just weeks ago after revealing the company would need to write off as much as £130m in the aerospace division he ran for more than ...
By Helen Reid LONDON (Reuters) - European shares enjoyed a recovery on Thursday, snapping their longest losing streak since October 2016 as the cyclical sectors which had driven a market-wide sell-off ...
European stocks broke their longest losing run in a year on Thursday, with major regional indexes rebounding on the back of well-received corporate updates. Investors also cheered a rise in shares of car ...
U.K. stocks closed higher on Thursday, boosted by a round of well-received corporate updates and as buyers stepped in to pick up shares after a five-session losing streak.
HONG KONG (AP) — Asian shares were mostly higher Friday, extending global gains after Wall Street reported a round of healthy earnings and U.S. politicians took a step forward on President Donald Trump's tax reform plan.
European and Asia stocks bounced higher Thursday as investors snapped up cheaper stocks following stronger-than-expected U.S. economic data.
European stock markets moved higher, following on from gains in Asia, where stock markets bounced back and the Nikkei jumped nearly 1.5%, as technology and telecom stocks led the way and a weaker Yen added support. Profit taking seems to have run its course and traders are left concerns about the progress of U.S. tax … Continue reading Stocks Rebound as Correction Runs its Course
Second-hand goods stores, including charity shops and auction house, provided the largest contribution to the monthly growth
Stronger-than-expected retail sales and modestly faster U.S. inflation has bargain-hunting investors returning to global equity markets Thursday.
The FTSE 100 fell initially during the trading session on Wednesday, dropping down to the 7350 handle. The 7400 level above is massively resistive, so I think if we were to break above there, that would be a very bullish sign as it would not only be a reversal and they move above that level, … Continue reading FTSE 100 Index Price Forecast November 16, 2017, Technical Analysis
SEOUL, South Korea (AP) — Asian stock markets were mostly firm on Thursday and oil prices were steady, despite a second straight day of losses on Wall Street overnight. But analysts said it was too early to say risk sentiment was back after a day of heavy losses in Asia. Other than on-going worries about the prospect of the U.S. tax reform plan and the pace of the Federal Reserve's rate hike, there were little market-moving headlines.