Commodity price bounce supports FTSE 100 gains
|Another day, another record high for the FTSE 100, says Chris Beauchamp, Chief Market Analyst at investing and trading platform IG.
Mining stocks, pharma and retail lift the FTSE 100
A revival in commodity prices has helped the FTSE 100 a new record high, helped by strong results from GSK and Next. Overall the index continues to benefit from concerns about a bubble in US assets, with the FTSE 100’s lower valuation providing a destination for funds without the concerns that too much good news is being factored in.
Fed and tech earnings loom large
It promises to be a busy 36 hours for investors, kicking off with the Fed decision that, like its predecessor and successor, is expected to be a foregone conclusion. But there is still room for some volatility around Powell’s comments, and even if we escape that the trio of Mag7 names reporting tonight could also provide a stumbling block, even if only temporarily.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.