FTSE 100's run higher finally stops
Stocks are struggling, the VIX is rising and big name earnings are mostly behind us, setting investors up for a tricky start to November, says Chris Beauchamp, Chief Market Analyst at investing and trading platform IG.
FTSE 100 set for lower close
The FTSE 100 is set for its first daily loss in ten sessions, bringing to a close a remarkable burst of bullish momentum for the index. All good things have to come to an end, as gold bulls will testify, but the latest record high and its lower valuation has helped to keep the index on investors’ radar, especially when bubble fears are rampant on Wall Street.
VIX shoots higher on final day of October
The volatility index has crept higher this week, almost unnoticed due to the focus on central banks, a US-China deal and tech earnings. Today saw the index spike once more, and coupled with a rising number of new lows on the New York exchange, it does suggest that the short-term risks are skewed to the downside. Of course, the tale of the last six months has been rampant buying of any weakness; will this change as the calendar starts to empty of heavyweight earnings?
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