IIFT Daily Note with Peter Brown

No news is good news.

Posted by:  |  Time: 7:34 am  |  Topic:
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Market put in a steady bounce yesterday on the back of no news. We know the stock market will go up on good and neutral days. It always takes bad news for fund managers to sell. We have passed the Crimea story now and the market will move on to economic releases. We have PMi’s out in Europe this morning and that will give the initial direction. Of course the big news this week will be the NFP on Friday. In the meantime trading should be fairly calm with the bias to the topside.

Expect today to be calm/choppy  Levels are S&P (JUN) 1871  1862 Wall St (DFB) 16508  16428 Dax (DFB) 9640 9540 Euro 1.3800  1.3725

Gold 1300  1280

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