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Morning commentary: Capital Spreads

Read more commentary from Capital Spreads at www.capitalspreads.com

Don’t panic Mr Mainwaring!!

Posted on: 12 June 2014

Mixed starts for the indices today as traders take stock of yesterday’s declines. Many traders used the World Banks cut to its global growth forecast as an excuse for a bit of profit taking which resulted in a fairly orderly exit out of equities.

Nothing to see here move along

Posted on: 11 June 2014

European equities are set to open flat as markets consolidate. Technically the FTSE and CAC are opening lower but that’s due to due to some constituents going ex-div today.

Bulls out of breath

Posted on: 10 June 2014

European equities are set to open flat as the bulls take a breather. Although the bulls can’t muster a rapid start out of the blocks this morning, confidence still appears firm and there’s no notable negative cues on the horizon that could derail the rally.

Being a bear is an exercise in futility

Posted on: 9 June 2014

European equities are set to start with a pop today as bullish closes in the US on Friday and a buoyant Asian session overnight indicate that the rally still has some more legs in it.

Getting flat before Non Farms is for whimps

Posted on: 6 June 2014

European equities are set to open higher, being dragged up by overnight moves in the US and Asia.

First Thursday of the month means a half-day for traders

Posted on: 5 June 2014

European equities are expected to open flat as traders hunker down ahead of the central bank meetings. Expectations are for the ECB to let slip the dogs of dovish monetary policy today with, at a minimum, a cut in the main interest rate.

Calm before the storm

Posted on: 4 June 2014

European equities are set to continue to drift lower as traders continue to pass time until this week’s big economic releases.

Traders taking the first half of the week easy

Posted on: 3 June 2014

European equities are set to drift lower as risk appetite wanes. With the major indices perched near key levels and market moving releases expected from central banks and the BLS later this week, traders are content to sit on the sidelines until then.

Bulls playing follow the leader

Posted on: 2 June 2014

European equities are set to start the month with a pop as the low volume, no news rally continues.

World at ease

Posted on: 30 May 2014

European equities look set to open flat again and then ‘presumably’ extend their advantage once more.

Stairway to Heaven

Posted on: 29 May 2014

European equities look set to open fairly flat again as the ‘risk on’ button shows little sign of being switched off. When a lurch to the upside loses momentum, it is fairly normal to see a retracement of sorts as profits are booked and bears catch a whiff of the honey.

Join the club

Posted on: 28 May 2014

European equities look set to open fairly flat as investors take stock following another impressive day of gains. Following the bank holiday markets took heed from a positive global outlook and a ‘concern-free’ day of trading.

Banks back to work

Posted on: 27 May 2014

Normal service will resume this morning as banks re-open their doors following the long weekend. We have got to the end of May with little talk or reaction to the old adage, ‘sell in May, and go away.’

Famous victory for Farage

Posted on: 26 May 2014

The increasing hold that UKIP is administering upon British politics is what Nigel Farage claims to be the ‘most extraordinary result in British politics for 100 years.’

Election trepidation

Posted on: 23 May 2014

European equities are set to open mixed as traders turn cautious ahead of election results. Despite modest gains in overnight markets, European traders are showing some hesitation ahead of the Ukrainian and European election results