London’s FTSE-100 is continuing to lose ground in line with many other equity markets as traders across the globe continue to brace themselves for the fact that next week could see Donald Trump voted into the White House.
By Tony Cross, Monk Communications
It’s fair to say that both in terms of a shock to financial markets and the geopolitical shift this may bring, it comprehensively eclipses the fallout from the shock Brexit referendum result. There could be a whole lot more volatility to come in the next few days.
At the stock specific level, Randgold Resources is the biggest faller despite some generally upbeat earnings news, although there was a drop in production recorded for Q3, which evidently is being picked up on.
Looking ahead, we’ve got the Bank of England’s quarterly inflation report due at midday and again this could offer some broader direction – there’s an expectation that UK growth forecasts will be increased but there’s also concern that inflationary pressures are going to build significantly – if briefly – in the latter part of 2017. As noted however it’s any fresh opinion polls out of the US that have the ability to really provide the direction over the next few days.
