Mrkts etc...11 Jan 2019 03:56
London finished on a subdued note not unexpected given the lack of direction from Parliament. Sterling eased to $1.272 helping some ftse 100 stocks but on the whole little excitement to write home about.
The 100 closed up 36 (6943) and the 250 better by 22 (18436), others with small gains with perhaps Tesco a pis fave +5 on outperforming rivals helped by the Booker acquisition.
M&S down 3 just about passed muster but Debs was clobbered (-15%) to c.5p, a year ago it was 30!
In NY the Dow got off to a weak start (-60) led lower by Msoft, Exxon, Merck & Pfizer all down.c.1% and Delta Airlines (-c.2%)
& American (-6%) results pushed the Dow transportation index lower but steadied later to rise c.0.05%.
China talks are no nearer resolution and the mrkt is having to deal with the Fed
waiting to raise rates should circumstances warrant and Trump threatening a national emergency if he doesn't get his way. It's now 21 days of paralysis and 500.000+ employees will not be getting a pay cheque this month, thanks to DT and his stupid wall.
While many said the Dec sell off was an oversold aberration ....the near 10% rebound in 9 days is an 'overbought' mrkt waiting to fall back.....some say.
At 7.00pm UK time the Dow was trending higher (+60) on little to enthuse dealers. Q4 nos are waiting which are unlikeky to surprise anyone.
A good pm session saw all indices closing at best and the 30 & 500 cleared correction territory as the 5 day rally continued. The Nsdq needs a 7% increase to clear 'bear' domain.
Oil and stocks are moving in tandem and both nearly above their 50DMA a bullish sign for mrkts. The Dow ended up 123 (24002), the 500 added 12 to (2597) & the Nsdq put on 29 (6986).
Far East is flat TK up 142 and HK and SH both off early lows on hopes of trade talks moving up a level. Atm its work in progress.
The nos: Oil $61.54. Gold $1291. £$ 1.275. £€ 1.106.
Vix 19.50. Coin $ 3655.
FF +21. DF -33.
Morning all.
London finished on a subdued note not unexpected given the lack of direction from Parliament. Sterling eased to $1.272 helping some ftse 100 stocks but on the whole little excitement to write home about.
The 100 closed up 36 (6943) and the 250 better by 22 (18436), others with small gains with perhaps Tesco a pis fave +5 on outperforming rivals helped by the Booker acquisition.
M&S down 3 just about passed muster but Debs was clobbered (-15%) to c.5p, a year ago it was 30!
In NY the Dow got off to a weak start (-60) led lower by Msoft, Exxon, Merck & Pfizer all down.c.1% and Delta Airlines (-c.2%)
& American (-6%) results pushed the Dow transportation index lower but steadied later to rise c.0.05%.
China talks are no nearer resolution and the mrkt is having to deal with the Fed
waiting to raise rates should circumstances warrant and Trump threatening a national emergency if he doesn't get his way. It's now 21 days of paralysis and 500.000+ employees will not be getting a pay cheque this month, thanks to
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