FTSE posts its first loss of the year yesterday

<p>- The major indices were all down this morning amid uncertainty over the looming company reporting season. The FTSE posted its first loss of the […]</p>

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

- The major indices were all down this morning amid uncertainty over the looming company reporting season. The FTSE posted its first loss of the year in yesterday’s session, but it is still at a two-year high.

- Whitbread was among the FTSEs worst performers in early trading today, down 2%, followed by miners Rio and BHP. Another mining stock, Anglo American, led the way as it emerged that they have appointed a new chief executive. A strong performance was also seen from Vodafone, whose shares were up almost 3% by 9am.

- At 9am, the FTSE had gained some ground and was at 6070, the DAX at 7720 and the DOW at 13350.

- It is fairly quiet in terms of economic data for today and tomorrow. We do have some European figures out of medium importance at 10am that’s the retail sales and unemployment rate. Then at 11am, the German Factory Orders. On Thursday we have several figures of high importance being released which may be of more influence to the markets.

Build your confidence risk free
Join our live webinars for the latest analysis and trading ideas. Register now

StoneX Financial Ltd (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.