How to trade the DAX 40 today? June 10, 2022 | City Talk We look at how to trade the DAX 40 in light of the current market conditions. Moving averages Source: ProRealTime The price of the DAX 40 continues to trade below the 200 day simple moving average (SMA) – the blue line – suggesting that the longer term trend bias remains down for the time being. The price has, however, [...]
Inflation jitters deal chilling blow to London markets June 10, 2022 Fears over inflation dealing a chilling blow to the global economy and the prospect of a more restrictive monetary policy environment weighed on London markets today. The capital’s premier FTSE 100 index dipped 0.94 per cent to 7,405.77 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the [...]
1 Minute Market Rundown – 10th June 2022 June 10, 2022 | City Talk Trade the ExtremesCrypto Needs to Bounce SoonWhen to Buy the Dip? Yesterday saw a lesson on how not to act like a Central Bank from the ECB. In over 25 years of trading I have rarely seen a less impressive performance at a press conference than we got from Lagarde. The plan was clear. Tell [...]
UK jobs market tension shows little sign of unwinding June 10, 2022 Tension in the UK jobs market shows little sign of unwinding as employers continue to struggle to find workers amid a shallower labour pool, reveals a closely watched survey today. Vacancies edged lower in May, indicates 71 reading on KPMG and the Recruitment and Employment Confederation’s (REC) employment index. Despite falling, the reading is far [...]
Retailers tumble as investors fret over spending squeeze June 9, 2022 Retailers took a tumble in London today driven by investors fretting over the impact of the cost of living crunch on the sector’s bottom line. The capital’s premier FTSE 100 index slid 1.54 per cent to 7,476.21 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK [...]
European Central Bank confirms first rate rise in over a decade next month June 9, 2022 The European Central Bank (ECB) today confirmed it will hike rates for the first time in over a decade in a sign that the era of loose policy and low inflation is coming to an end. President Christine Lagarde and co said the central bank will lift rates 25 basis points next month, which will [...]
Nine in 10 Londoners struggle to pay the rent as cost of living onslaught eats up tenants’ budgets June 9, 2022 Rental cost increases are contributing to a strain on household finances for nearly nine in 10 tenants, with many facing further cutbacks should their household costs continue to increase. 86 per cent of all tenants confirmed the cost of living crisis is hitting them in their wallet, putting a further strain on Londoners’ household finances. [...]
Brits to be allowed to use housing benefits for a mortgage to buy their homes June 9, 2022 Allowing lower-paid workers to use housing benefits to buy their homes and an extension of the right to buy for housing association tenants should give Tory support a boost. Prime Minister Boris Johnson is expected to confirm his intentions in a major speech today as he seeks to repair his fortunes after a bruising Tory [...]
1 Minute Market Rundown – 9th June 2022 June 9, 2022 | City Talk Trade the ExtremesCrypto Needs to Bounce Soon A pretty quiet day yesterday, Euro was the biggest mover gaining against most currencies ahead of the ECB. Today marks the start of a big 48 hours for the broader risk markets with CPI tomorrow out of the USA preceded by the ECB rate decision at 12.45 and [...]
Stagflation fears bite back to weigh on London markets June 8, 2022 Growing concerns over soaring prices triggering a period of stalling global economic growth dragged on London’s top indexes today. The capital’s premier FTSE 100 index dipped 0.08 per cent to 7,593 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dipped 0.43 per cent to [...]
