Mike van Dulken, Head of Research for Accendo Markets, joined Zak Mir and Alan Green on the Tip TV Finance Show to discuss the FTSE 100, DAX, Dow Jones, USD Basket, Oil, Copper, Lloyds and RBS.
FTSE 100: Don’t get too excited before index breaks 6000
Van Dulken noted the slight bounce in the FTSE 100 index this morning, and he believed this could be a flush out ahead of the Fed meeting. The index has been in a very sharp downtrend recently, and van Dulken commented the need for it to be above 6000, and perhaps UK CPI could give this the nudge up.
RBS turnaround more painful than expected
In terms of RBS, van Dulken outlined how the bank broke through its 2014 lows, and now it is possible we could see the 2013 low at around 265. He concluded that the turnaround in the stock has been longer and more difficult than expected.
Watch the video for further analysis on an array of different indices and stocks.
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