IIFT Daily Note with Peter Brown

Quiet Start

Posted by:  |  Time: 7:30 am  |  Topic:
Trading Is At Your Own Risk - Read Our Terms & Conditions

Hectic day yesterday, started with the world ending and found some bounce in the afternoon. Very quiet in Asia overnight.

We need some news to move the market from here. The Irish downgrade makes little difference. Italian bond auction on Thursday and bank stress tests on Friday are hugely important. In the abscence of news the market will try to rally. Watch out for Finance ministers trying to talk it up. For sentiment watch the IBEX contract, most moves start there.

Comments are closed.