skip to Main Content
Get your free newsletter: Actionable insight each morning for self-directed investors. 

After climbing more than 1% the UK index finds itself at its best price in 12 days, finally managing to see a substantial push beyond 6800. Much of that rise will be down to sterling’s contraction, with the currency dipping 0.2% against the dollar and half a percent against the euro; there was also the continued commodity rebound, with more gains for Brent Crude and, especially, copper leading to a swathe of green in the oil and mining sectors.

On top of all that came the news that the UK’s public sector net borrowing reading shrank from £9.2 billion (revised from £10.1 billion) to a better than forecast £4.3 billion month-on-month. That will please Philip Hammond before his big performance tomorrow, though he shouldn’t get overexcited as the UK is still expected to exceed the deficit estimates by £10 billion this year.

Looking ahead to the US open and, things could get interesting. The Dow Jones futures have the index a smidge away from 19000; in fact at points this morning the Dow has already crossed that landmark level. The news that Donald Trump is set to remove the US from the TPP agreement on his first day of office may have been a boost, as in theory it could help secure jobs inside the country (though that is up for debate).

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.


Get your free daily newsletter: 

Thanks to our Partners

Our partners are established, regulated businesses and we are grateful for their support.

FP Markets
Trade Nation
Back To Top