SuddenDeath
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FTSE king in July.
ASX buy on Monday.
Looking for 4,835/45, current 4,819
Shorts in play above 4,865 - Monday only
Expect pull back in futures open, before cash open 2 hour's later
Patience is key.
hi bustech just saw this.
Goldman Issues Top Trade #9: Go Long U.K. Equities
We are recommending going long UK equities via the FTSE 100 Dec 13 Future for a target of 7100 (approximately +12%) and a stop on a close below 5950 (approximately 6% below the current level). We noted the strong arguments in favour of UK equities for the second half of the year in our recent Global Economics Weekly, and we now follow up with a trade recommendation. Three primary reasons drive this recommendation.
First, the UK economy looks to be on an upswing. The manufacturing PMI surveys have now improved for four successive months, while the services PMI survey has improved for six consecutive months and has reached its highest level since March 2011. Mortgage approvals have also risen in recent months as effective interest rates have fallen, and the latest quarterly credit survey for Q2 indicates a further easing in household and corporate credit availability, as well as an increase in demand for lending.
Goldman Issues Top Trade #9: Go Long U.K. Equities | AdvisorAnalyst Views