IIFT Daily Note with Peter Brown

Markets starting to move

Posted by:  |  Time: 7:48 am  |  Topic:
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Afetr a pretty slow August and a quiet start to the week, markets showed some sign of life yesterday. The big days are Thusrday and Friday. There is no doubt the situation in the Euro Zone is getting worse. Money leaving Spain in truck loads, Greeks being asked to work a six day week. Mr Draghi is going to have to pull a major rabbit out of the hat to stop this market going into melt down.

We have to wait and see what he says.

In the meantime we ranged yesterday 1.2630  1.2520   S&P 1408  1395

Mood of the market is slightly bearish so look to buy at the bottom end of ranges.

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