October 09, 2024 07:35 GMT
EQUITIES: FTSE outperforms
EQUITIES
- Futures look to be leading Cash indices lower, but these are tiny moves overall, and Stoxx600 is mostly back to flat on the session.
- Bank stocks (SX7E) is the early weakest sector, trading through Yesterday's low, and investors will look at the 141.18 area next, not a tech level, but pre NFP levels.
- The UK FTSE futures printed its lowest level in 2 Months Yesterday (since 8th Aug), but trades on the front foot in early trade, with the cash also paring some of Yesterday's losses.
- The main event for the UK today will be Keir Starmer's PMQ, the first in a Month.
- Sunak has only four PMQ sessions left, and they will go head to head at lunchtime today.
116 words