skinny
- 24 Jan 2018 06:55
- 2 of 15
Morning!
In the US last night, the Dow finished down 3.79 at 26,210.81 the Nasdaq up 52.56 at 7,460.29 and the S&P 500 up 6.16 at 2,839.13.
In Asia, the Nikkei was recently down 183.87 points at 23,940.78 - the Hang Seng up 10.68 at 32,941.28 - crude oil traded at $64.47 a barrel and Brent at $69.96.
Gold settled at $1,335.70 an ounce.
Trade well and prosper.
CC
- 24 Jan 2018 14:56
- 9 of 15
FTSE unwavering in it's downtrend...
I don't know what to say. It's completely decoupled and imho gone completely irrational.
Unemployment figures today were ahead of expectations. Wages rising a bit, economy seeming to return to normality rather than heavy doses of intervention post 2008.
I appreciate FTSE is alot of foreign earnings now but I'm fed up being patient. FTSE needs to get it's act together.
CC
- 24 Jan 2018 15:13
- 11 of 15
If you're say Ferguson (Wolsley as was) and you're selling loads of stuff as the US economy is busy, there will be more dollar profits to repatriate, albeit at a worse exchange rate.
It seems to me FTSE is clearly reacting to cable movement but ignoring the other affect. Or maybe I have rose tinted specs and only want to see what I want to see.
The move also implies most of foreign trade is in dollars as it's cable that's moving. BP. and RDSB I guess but they aren't significantly down.
CC
- 24 Jan 2018 15:19
- 12 of 15
Should have just shorted FTSE after the Santa rally. For some reason thought it would be different this year...
skinny
- 24 Jan 2018 15:20
- 13 of 15
CC
- 24 Jan 2018 16:44
- 14 of 15
Thanks Skinny. Just my frustration creeping out.
I'm doing OK here overall but it feels like I just can't get a break. Maybe it's just me but every piece of news I have on the stocks I've got seems to being interpreted with a negative outlook.
I keep looking at the ultilties stocks for their dividend yield. I know the regulator is becoming more assertive but some of it looks overdone to me. UU. and CNA in particular.
Dividend yield seems to be out of fashion at the moment.
skinny
- 24 Jan 2018 19:48
- 15 of 15