Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

FTSE 100 seen slightly higher ahead of Thursday’s open

% of readers think this story is Fact. Add your two cents.


The FTSE 100 is set to start Thursday on the front foot, albeit only slightly, as global equity markets remain in a holding pattern.

CFD firm IG Markets sees the London benchmark up 9 points making a price of 6,940 to 6,943 with just over an hour until the open.

Asian stocks were weighed by sluggishness in the Chinese economy, meanwhile, western markets are somewhat preoccupied with the mulling of inflation and future monetary concerns (though this still appears to be a problem for later).

“At the beginning of the week there was plenty of speculation that a hot reading on US CPI might give added fuel to the inflation bulls, and in doing so give policymakers at the Federal Reserve some food for thought,” said Michael Hewson, analyst at CMC Markets.

“This was never really likely given that the March CPI numbers were always going to be on the high side given that a year ago the US economy was put into lockdown, thus introducing a deflationary shock on prices, which is only now starting to reverse.

“It will probably need a much more sustained recovery in prices over the next few months before markets become too concerned, however there are still plenty of warning signs in the recent data, due to various supply chain disruptions.”

On Wall Street, the Dow Jones edged 0.16% or 53 points higher to close Wednesday at 33,730.

The S&P 500 meanwhile moved 0.4% lower to 4,124 and the Nasdaq gave up nearly 1% to finish the day at 13,857.

Coinbase, the Bitcoin and cryptocurrency exchange, saw its first hours of trading and as predicted raced to make gains from the reference price set ahead of the listed on Nasdaq. After a US$250 reference price set a US$65bn valuation, the stock’s lowest print follow Wednesday afternoon’s first trade was marked at US$310 – it peak at US$429 intraday and closed at US$328.28.

In Asia, Japan’s Nikkei was practically flat changing hands marked at 29,618.

Hong Kong’s Hang Seng meanwhile fell close to 1% at 28,642 and the Shanghai Composite similarly fell 0.9% to 3,388.

Around the markets

Pound: US$1.3771, down 0.06%

Gold: US$1,742 per ounce, down 0.16%

Silver: US$25.50, up 0.58%

Brent crude: US$66.62 per barrel, up 4.6%

WTI crude: US$63.04 per barrel, up 4.75%

Bitcoin: US$63,016, down 1.94%

Story by ProactiveInvestors



Source: http://www.proactiveinvestors.com/companies/news/946644/ftse-100-seen-slightly-higher-ahead-of-thursdays-open-946644.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse
Loading...

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

MOST RECENT
Load more ...

SignUp

Login

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.