Free Trial

Early Strength Fades as UK Inches Toward WFH Order

EQUITIES
  • Equity markets started the Wednesday session well, with notable gains posted across continental cash indices and US futures. This price action soon faded as reports circulated suggesting the UK could install a work from home order as soon as this week to combat the spread of the new omicron variant.
  • The FTSE-100 reversed gains of around 0.5% to turn lower ahead of the NY crossover, with the e-mini S&P erasing gains of a similar margin.
  • Energy names are dragging European markets lower, with financials and consumer discretionary stocks adding further weight.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.