LSE Opening comments 220409

Afternoon everyone,

Well looks like that optimism from Geithner comments didn't carry on till today...
Asia seems to be generally red, with financials flat.
Personally, I saw the UK and US markets both red yesterday due to financials (Prudential and Bank of NY Mellon man). Geithner has commented several times on the market everytime bad news comes out to drive it up... so why shouldn't I have been suprised>.<.
Okay rant aside, Asian financials were generally flat today, HSBC HK is currently down by about 2.3% today.

UK financials have opened up on a positive note despite the FTSE falling which comes as a personal suprise to me; however, I see a certain degree of leveling on financials by the end of the day (assuming some spill over from Geithner's comments is being reflected in morning figures), especially given the dim sentiment shown by Asian financials. Overall, it looks like a red day for the FTSE today, 1% range or greater is possible. Some light profit taking on Tesco after a nice green day post financial results is going on early this morning. A lot of things to cover in Asian closing wraps and UK mornings, hopefully we can refine this process, but this is the current outlook for now.