RE: What is it?26 Apr 2024 07:53
Thanks, Mike, for that extremely well thought out reply. I totally agree with you comments on the US market and its impact on us & TUI - time and again I have seen, as you have, that it opens poorly and we slump, then we close and it trends up. What confused / confuses me is that these last two slumps happened an hour more more BEFORE the US markets open. Perhaps there is some pre-opening activity that triggers it. But usually a bad US opening can be predicted from Futures so why does London - dozens of different shares (Kingfisher, Pets at Home, TUI etc - all panic within minutes of each other? And then, usually, recover, at least a little bit. I always think it must be a rate announcement or a report on jobs or home sales or something. At least, as you suggest, today is likely to open up. Fingers crossed.