The Stock Market Rally Might Not Be Over Yet
Posted on
July 14, 2010 by
James
- FTSE 100 makes it 6 winning days from six, closing up 2% yesterday on the back of positive BP news.
- US markets including the Dow Jones are also six from six as of last night’s close.
- After the closing bell, Intel’s latest earnings came in above estimates, pushing Nasdaq futures 1% higher. The rally may not be over yet.
- US dollar showing strength against the yen this morning with the EUR/USD and AUD/USD also down mildly.
- The pound is on the rise after yesterday’s inflation figures. The GBP/USD is up 0.25% while the GBP/JPY is 0.6% higher.
- Coming up today we have UK jobless claims at 09.30 and US retail sales at 13.30 as the day’s standout announcements.
The Financial Fixed Odds update by David Evans, Market Analyst, BetOnMarkets.
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