Bank of England and ECB monetary policy decisions for 2012 out at noon

<p>- FTSE was up this morning at around the 5900 level by 9am, with the focus today on the final Bank of England and European […]</p>

The video cannot be shown at the moment. Please try again later.

- FTSE was up this morning at around the 5900 level by 9am, with the focus today on the final Bank of England and European Central Bank monetary policy decisions for 2012 out at noon, which are forecast to remain the same as the previous month.

- European shares were strong in early trading, and the DAX which had rallied from the open was at 7520 at 9 o’clock, up almost 70 points. There is however continued speculation over the strength of the markets which have failed to progress beyond key peak levels recently. This is due to the ongoing uncertainty towards the Eurozone Crisis and also over U.S. Budget Talks. At 1.30pm the US Unemployment Claim figures are out, ahead of the Non Farm Payroll tomorrow. There is also an ECB Press conference this afternoon which may provide a little more direction.

- Strongest shares this morning within the FTSE are Standard Chartered and Barclays, with Sage Group and Rolls Royce the weakest. Across the water, it was positive session yesterday for Nokia as shares reached their highest level in over six months. This was after it emerged that they have begun to make a comeback to the tech giant Apple, who have dominated the industry lately.

Join our live webinars for the latest analysis and trading ideas. Register now

GAIN Capital UK Limited (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.