Morning All.

FTSE100 opens sharply higher, with gold producers leading

GBP Retail Sales m/m -0.9% 0.4% 1.1%

In an upward market - why does the market dip every day at about 9.30, and again but less so at about 10.0a.m. or soon after - only to recover its trend

In a down ward market - it seems to be the reverse effect.

I wonder what causes that - any suggestions ?

GBP CBI Industrial Order Expectations 9 2 0

Raw materials producers drive FTSE 100 to triple-digit gains

Bob - A bit of profit-taking after overnight or early morning trades?

USD Existing Home Sales 5.48M 5.27M 5.39M

USD Philly Fed Manufacturing Index 22.3 10.2 9.3

USD CB Leading Index m/m 0.7% 0.6% 0.5%

Greystone - ? May be people arriving in offices and some kind of profit taking.
Have you noticed how buy / sell margins become narrower after half an hour or so from the 8.00 a.m. open, and I think they widen back out towards the close of day.
Has this got something to do with it ? Is it that more selling takes place when selling prices rise and / or buying prices fall when margins are being narrowed ?
I am not sure what the answer is yet, but it does seem to happen.

Has anyone else noticed this phenonomon. ( Blast - how do you spell phen ........ ? ).

FTSE100 ends the session with broad-based gains

Not like that :-)

Bob,

The spreads are wide in the mornings on some shares so that the market makers can catch and trip overnight stop settings to sell from unsuspecting share holders. As the morning/day goes on the spreads narrows to more reasonable choices... All in my humble of course.