Rising VIX points towards growing investor caution
|November has started on a mixed note for markets despite the OpenAI deal with Amazon, says Chris Beauchamp, Chief Market Analyst at investing and trading platform IG.
FTSE 100 struggles to make headway
The FTSE 100 continues to drift, having lost the positive momentum granted by last week's losses in sterling against the dollar. The index has done well relative to its peers in continental Europe, but now broader concerns about the Budget are beginning to make themselves felt.
Wall Street mixed in early trading
A degree of tiredness is creeping into Wall Street's mood despite the strong performance thus far in earnings season. OpenAI's deal with Amazon has helped, but it can't deliver such surprises every day. As volatility rises once again, it looks like stocks could be in for a bumpier ride.”
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