Rumours of more Quantitive easing offsetting worse than expected

<p>With a fairly quiet trading session yesterday with rumours of more Quantitive easing offsetting worse than expected consumer confidence and consistent New Home Sales, the […]</p>

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  • With a fairly quiet trading session yesterday with rumours of more Quantitive easing offsetting worse than expected consumer confidence and consistent New Home Sales, the FTSE closed up 43 points at 5709 and the Dow was up 74 points closing just above the 13000 mark.
  • This morning it has been a fairly quiet start but traders are awaiting the key UK GDP data at 9.30am GMT which is expected to show a slight growth in the UK economy in the first three months of this year.
  • Arm Holding are the biggest gainer this morning, Up 2.5% after Apple announced some juicy figures after the bell last night which saw the stock surge 7.5% in after hours, up a staggering $43.
  • The biggest fallers this morning are the ex-div stocks with Centrica, Reed Elsevier and Tesco propping up the FTSE, down between 3.5% to 2.5% respectively.
  • With US durable goods at 1.30pm GMT and the FOMC statement at 5.30pm GMT, there is plenty of macro data to keep traders keen.

 
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