Well it looks like the FTSE ended relatively flat at -0.31 pts dragged down in the last few hours by financials as HSBA lost 2.46% and BARC -0.34%
Semi nationalized banks like Llyod fell by 4.48% and RBS by 0.94% by the end of the trading day.
Retailers staged huge gains on the FTSE to keep the index flat with Tesco gaining 1.62% Debehams was the pack leader with a large 21.65% gain while M&S leveled a bit to record a 3.26% gain.
On stock picks RDSA gained 0.95% and BP 1.33% coming up from a red morning on oil price optimism... Commodities also had a stellar day with Rio Tinto pushing up following the close of the Australian Market.
Again an over night position on GSK which closed down 3.19%, we expect a modest recovery by tomorrow.
Dive2Blue out.
Friday, 24 April 2009
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2 comments:
I must add that i am quite pleased with our forecast for the ftse today.
I also expect a shift downwards in commodity prices and oil given the performance of the US market at midday. GM could be a key driver in driving Japanese carmakers up however, but the over bearish US sentiment could lead to a reversal in consumer sentiment in Asia tomorrow. This will translate to an oil and commodities downside; however, I will leave ongy to discuss this.
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