rather than pick out individual stocks to trade, it can often be worthwhile to trade the indices themselves, especially in times of high volatility.

for those so inclined, i attach below charts for FTSE and FTSE 250, though one might equally be tempted to trade Dow or S&P, which is significantly broader in its coverage, or even NASDAQ

for ease of reading, i have attached 1 year and 3 month charts in each instance

CAD Core Retail Sales m/m 0.5% consensus 0.4% previous -0.9%

CAD Retail Sales m/m 1.0% consensus 0.6% previous -2.1%

USD Unemployment Claims 336K consensus 343K previous 332K

Cyprus Proposes Solidarity Fund for Rescue Plan

By Nektaria Stamouli and Stelios Bouras Cyprus is seeking to help finance its international bailout by pooling assets from its pension system and state real estate property together in a fund as talks with Russia on aid continue, senior government officials said Thursday. After a political leaders' meeting Thursday, the deputy leader of the ruling Democratic Rally party, Averof Neophytou, said there is a unanimous proposal to create a "solidarity fund" which is being assessed by legal experts. "There is one goal, the saving of the country, shielding it from exisiting risks at the foundations of the government," he told reporters. Senior government officials said the proposal involves the nationalization of pension funds, while the fund would also take over real estate assets from the state and the Church of Cyprus. In turn, the fund would issue non-redeeming bonds, the government sources added. Mr. Neophytou said that if the proposal needs to be passed by lawmakers, it will be submitted to parliament later in the day. European Party chief Demetris Syllouris said this proposal doesn't include a bank deposit levy. He also said the fund may take the form of a company and could attract strong foreign investor interest, allowing Cyprus to raise more than the 5.8 billion euros ($7.58 billion) demanded by international creditors in exchange for unlocking a EUR10 billion aid package. Cyprus' options to secure a multi-billion-euro bailout are narrowing after the country's parliament rejected a euro-zone plan that would have involved a controversial bank deposit tax. International lenders then Wednesday rejected the government's alternative plan to use pension fund assets to buy government bonds. The lenders feared such a proposal would inflate Cyprus' debt burden. As a means of finding a solution to the Mediterranean island's financial crisis, Cypriot and Russian officials have been discussing a wide range of options involving the potential sale of natural gas and banking assets, Cyprus' Finance Minister Michalis Sarris said Thursday. Mr. Sarris has been in Moscow since Wednesday discussing gas-for-cash deals; restructuring a EUR2.5 billion loan; or a discount sale of Cypriot banking assets. "There is not much time left," said Mr. Sarris in comments to Cyprus state television RIK. "There must be, at least, an expression of interest (from Russia)."

So the russkis are threatening to sell their euro holdings if the EU doesn't do a deal to bail out Cyprus, will the EU surrender monkies capitulate..... better ask monsieur Hollande.

It looks like the ESURE applications have been scaled back - unfortunately to an amount that is hardly worth the bother. (40% @£2.90)

am very glad to be short dow ..... at least that has subsidised the whack i just crystalised on C+M Index (serves me right!)

German Ifo Business Climate 106.7 consensus 107.8 previous 107.4

MARKET TALK: Cyprus Gives Boost to Risk Assets Amid Greek Deal

7:30 EDT - US stock-index futures and the euro have jumped to session highs amid an apparent deal to transfer ownership of the Greek units of Cypriot banks, movement in steadying the country's ailing financial system and giving some relief for the moment to investors globally that a full-blown meltdown in Cyprus won't happen. The devil, of course, is in the details--nevermind the plan ultimately working. But results often hasn't mattered throughout the euro-zone crisis. Merely looking as if action is being taken has been enough much of the time. S&P 500 futures are now up 4 as the euro climbs to $1.2960. Oil futures rise 0.5% and gold is modestly lower as Treasurys are flat; the 10-year yield is at 1.92%.

How true - if not grammatically correct

"But results often hasn't mattered throughout the euro-zone crisis"

It was a cut and paste off DOW Newswires so posted on the fly I suspect. Cyprus I think would be ideal to test the water letting a EU country fail, it'd also help achieve a weaker EUR on the wake of German, French manufacturing data. There will be a run on Cypriot banks regardless of what happens I think as depositors will now want to withdraw their cash as trust in the banks and political system fails...

There's no other econmic news due today as far as I can see, so guess we will just drift until there is an announcement.

Any idea Skinny if any dividends are due tonight holding FTSE and DOW trades over the weekend?

As far as I know, 99% of UK ex-dividend dates are on a Wednesday.

I'm not too sure about US stocks.

Have a look here Dividend Calendar

FTSE rises, buoyed by Cypriot bank branch deal with Greece

LONDON | Fri Mar 22, 2013 1:52pm GMT

(Reuters) - The FTSE 100 rose on Friday after Cyprus agreed to spin off Greek units of its banks to Greece, helping banks pare losses in a market underpinned by strength in BP and AstraZeneca.

Banks fell by as much as 1.2 percent in morning trade, led by those with significant exposure to the euro zone, such as Royal Bank of Scotland and Lloyds. But they staged a partial recovery to trade down just 0.2 percent after news of the Greek deal.

FTSE 100 15min, why do I get the feeling this is gonna fall...!

Shortie, did you see the link in post 11540?

Just seen it, thanks Skinny...

you may be right, but meanwhile, having closed my dow short this morning, i am now long with an acceptable profit - which i may well bank later

==============

which i have at 14506.9 :-))

cyprus looks to be staggering towards a solution and i note that cash down finished at 14540 after hours ...... assuming cyprus not dumped by monday morning, there will almost certainly be a knee-jerk surge, but imo, that could/should be the time to short