With a fairly slow start to trading this morning

<p>With a fairly slow start to trading this morning, the largely range bound market is struggling for direction. Both the German Dax and FTSE 100 […]</p>

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

  • With a fairly slow start to trading this morning, the largely range bound market is struggling for direction. Both the German Dax and FTSE 100 have been see-sawing back and forth across the gain line as we currently see the FTSE down 1 point and the DAX down 7 points. This is despite the Asian session providing further hopes that Beijing would roll out a stimulus package.
  • Atop the FTSE we have Weir Group, 1.5% higher after brokers reaffirmed their buy stance on the stock. Miners are also performing quite well, recovering from yesterday’s sell off on the back of potential Chinese stimulus.
  • However, weighing down the FTSE we see Carnival and Admiral Group, both down around 1.5%. With very little happening in Europe, twitter is focussing on the dull markets we currently have in comparison with this time last year.
  • Later on this afternoon we have US initial jobless claims and new building permits at 1.30pm while the Fed manufacturing index at 3pm will also be closely watched.

See the City Index Economic Calendar and Companies Reporting Dates page for latest economic news and company events that are likely to impact the markets today.

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.