Stocks standing near recent highs

<p>Many major stock barometers are hovering near recent cyclical highs.</p>

Many international stock barometers are lurking at or close to recent cyclical highs, today's (February 11th) trading figures have revealed.

The FTSE All-World equity index is down 0.1 per cent as the dollar advances fractionally and gold falls $10 to $1.657 an ounce, reports the Financial Times.

Analysts have suggested the positive data could be indicative of future trends in the market, despite the fact the week started in a cautious mood as trading was affected by Lunar New Year celebrations.

Industrial commodities have also softened this morning, as copper is down by 0.2 per cent to $3.75 a pound and Brent crude down from its most expensive in nine months to $118.10 a barrel.

However, investors have seemed fine to continue absorbing generally bullish drivers that have played a part  to Standard and Poors closing at its best level in more than five years on Friday.

Find out about oil futures and spread betting strategies at City Index.

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.