Anyone scalping the FTSE Futures??

This recent positive trend US indices is explained by the strong appreciation of the oil sector, as a result of President Trump’s decision to abandon the agreement with Iran.
 
swissy said:
Gordon Bennett....that Div adjustment was a bit of a stinger!

Mind you stops at b/e...could look at closing 1@7650 if it gets there..
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The pound isnt helping us!
 

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European markets closed slightly higher. The telecommunications sector presented an underperformance, explained by news and results. BT reported quarterly results lower than expected and announced its intention to reduce 13,000 jobs. Its shares fell 7.15%. In the banking sector, Royal Bank of Scotland advanced 3.88%, after agreeing to pay a fine of 4900 M.USD, an amount lower than expected, to close an issue related to the sale of financial products linked to high risk mortgage.
 
Recently, the evolution of yields has also been influenced by a new variable: the political situation in Italy. Debt markets, after several weeks focused on other issues, have already begun to react. Italian 10-year yields reached 1.94% (the highest of the last 7 weeks) and the differential between Italian interest rates and their German counterparts (the best indicator for measuring the country’s political risk) widened from 1.14% up to 1.37% in just two weeks. FTSEMIB, the Milan stock exchange index, has not yet reflected this perceived risk of the bond market. Stock market investors have focused more on the positive effects than rising yields will have on bank results. The increase in yields may be due to the prospects of higher economic growth (which is positive in the bottom) but may also be due to increased risk aversion. In the current situation, it is this last hypothesis that explains better the movement of Italian yields.
 
European markets closed lower, with most sectors also in negative territory. Among the worst performers were the financial services and telecommunications companies. The price of oil maintained the upward behavior that characterized it last week, so stocks of major oil majors closed today’s session higher.
 
psaTrading said:
European markets closed lower, with most sectors also in negative territory. Among the worst performers were the financial services and telecommunications companies. The price of oil maintained the upward behavior that characterized it last week, so stocks of major oil majors closed today’s session higher.
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👍👍👍👍👍👍👍
 
European markets ended today's session in different directions, with investors attentive to political and economic issues. The behavior of the foreign exchange market also influenced the course of the market, and the Euro registered a devaluation against the US Dollar. In sectoral terms, oil companies were among the best performers (still reflecting the recent rise in the price of oil), while the telecommunications sector lost more than 1%. For the banking sector, Commerzbank rose 3.79%, after having reported a quarterly profit of 250 M. €, surpassing the forecasts of 178 M. €. This differential was achieved through lower provisions and a tax credit. Banking income declined 3.70% to 2300 M. €, slightly higher than the forecast of 2270 M. €. In a statement, the bank mentioned the conditions caused by the slowdown of the German economy in the first quarter and by the growing tensions between the US and China. Still in Frankfurt, but as an opposite reaction (-5.82%), ThyssenKrupp reported an EBIT of 500 M. €, substantially in line with forecasts. Profits from steel production, the company's largest activity, doubled over the same period last year. In terms of economic indicators, the GDP of the Euro Zone for the first quarter showed an annual growth of 2.50%, in line with expectations.
 
The behavior of the bond and exchange markets will continue to dictate the course of the European stock exchanges. Yesterday, the strong rise in US yields generated a strong increase in world yields. This increase in interest rates could be strengthened by the increase in geopolitical risk. The intensification of geopolitical tensions has two focuses: the Middle East and the Korean Peninsula. In the Middle East, the situation in the Gaza Strip adds yet another focus of potential conflict in the region. The main difference with similar situations is that Iran has bases in Syria where it can reach Israel and also suffer the attacks of this country. As already mentioned, Syria is a country where several powers intervene with objectives often antagonistic. North Korea's cancellation of talks (threatening the meeting with President Trump in June) could push back steps in the past month. It is not yet known whether this North Korean decision (fomented by joint US-South Korean military maneuvers) is a negotiating strategy or a real retreat in the pacification process of the peninsula.
 
This is getting annoying now. 😡

I'm still short on the ftse and its doing a lot of nothing right now, which means I'm getting hit by the dividend adjustments!

Whatcha gonna do - it's the ftse, it's going to go down.
 
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