The Proactive Network: FULLER TREACY MONEY StockTube
Proactive Investors - Run By Investors For Investors

Footsie poised to open up after UK parliamentary vote on Syria

London's leading shares are poised to open ahead on Friday after a parliamentary vote last night in the commons rejected military action in Syria.

The issue will no doubt be very much in focus again today and be a driver of global market sentiment.

Footsie closed Thursday up 53 points (0.8%) to 6,483. Financial spreadbetters are calling the bleu chip index to open up around three points.

It comes as the US Dow closed out the last session 16 points to the good at 14,841 and in Asia, Japanese stocks retreated overnight with the Nikkei 225 now down around 66 at 13,393.

Figures showed manufacturing in Japan rose less than analysts had expected although the government said it sees further expansion this month and next.

Michael Hewson, at CMC Markets saod: "Last night’s decision by the UK parliament to vote against military action against Syria has highlighted the contentious nature of any military strikes as the legacy of Iraq continues to temper the decision making process. 

"This reluctance to dive in hastily appears to have reduced the likelihood of an imminent attack for now and as a result we can a modestly positive European open this morning ahead of a raft of key economic reports out of Europe, and then the US this afternoon."

Among the macro data in focus today will be  UK consumer confidence and mortgage approvals. In Europe, expected is German Retail Sales, Retail PMI, CPI Flash Estimate, Unemployment Rate. A host of data is also expected from across the pond including revised inflation expectations.


View All

Related Articles

© Proactive Investors 2015