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FTSE-100 direction could well be limited in the hours ahead

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The FTSE-100 is once again making some progress in early trade although direction could well be limited in the hours ahead with many market participants now done for the week, owing to the Thanksgiving holiday across the Atlantic.

The usual Thursday round of ex-dividend moves is taking a toll on a handful of stocks with Vodafone and National Grid being two of the biggest influencers, whilst metals prices continue to forge their way higher with Antofagasta faring well off the back of this, too.

There’s not all that much on the economic calendar today as US data releases were accelerated ahead of the long weekend, although the UK GDP revision for Q3 will be under some scrutiny here. Perhaps the biggest risk is that anything looking stronger than forecast may bolster the strength of the pound and in turn give investors cause to mark down GBP denominated assets, but for now we are sitting on some wafer thin gains in what could ultimately be a rather subdued session.

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This article does not constitute investment advice. Do your own research or consult a professional advisor.

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