skip to Main Content

Free Newsletter: Actionable insight every morning for the self-directed investor. Find out more

Join

With a couple of big FTSE100 companies going ex-dividend, and a splash of red paint across the commodity sector, the FTSE fell by 50 points as the morning continued. Despite that drop the UK index is still only 100 points away from a fresh all-time high, meaning in the grand scheme of things this is likely just a blip and not any great reversal of its current run.

As for the pound, after being knocked by the slightly weaker than expected inflation figure on Tuesday, and the wage growth dip on Wednesday, it has recovered some ground this Thursday, jumping 0.6% against the dollar – which has spent the morning giving back much of yesterday’s rate hike-eying growth – and 0.2% against the euro.

Looking ahead to the US open and Thursday’s high-hitting, if snooze-inducing, trading is set to continue, with the Dow Jones ready to open flat just above 20600. There is, at least, some data to try and get things moving, though building permits, housing starts, jobless claims and the Philly Fed manufacturing index don’t quite compare to yesterday’s inflation/retail sales double whammy.

Become a better investor with SharePad Designed to give you the confidence to pick your own investments, Sharepad gives you access to a wealth of information on UK, US & European stocks. Find out more

Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Connor Campbell

Connor Campbell

Connor joined Spreadex in 2014 as part of a newly expanded financial analyst team after graduating from the University of Southampton with an MA in English. His focus is on providing Spreadex's customers with up-to-date and informative news, and is responsible for the market analysis found on the Spreadex website.

Connor produces three daily market updates, a daily stock earnings preview, a weekly financial market preview piece every Friday, a round-up of all the big financial stories making the weekend press every Monday morning and regular stock market features.

Stocks in Focus

Here are some of the smaller companies we are following most closely. They all represent significant growth stories in our view. Our in-depth reports go into more detail on why we like them.

Comments


Back To Top