End of year prediction for FTSE 100?
Comments
-
Agreed sub 7,000 certainly, not sure as low as 6700 but possible.0
-
Weakening currency = stronger equities (usually) - well FTSE100 anyway which is packed with non-sterling earning organisations. And vice versa.hoof_it_up_to_benty said:There seem to be so many competing factors at the moment that it seems hard to predict which direction we're heading in. Only a weak sterling will keep the FTSE buoyant and with the uncertainty over Brexit and North Korea I can see it dropping back to 6700.
The pound has strengthened because FOREX dealers are speculating on when and how much interest rates rise - the fundamentals haven't changed.
Around 7,0000 -
nothing to do with Brexit or the pound, but a direct correlation to how CAFC are doing - no coincidence that this week's falls happened after our defeat on tues nights.
If we are top 6 on Dec 31st then FTSE will be above 7300, if we are out of the play-off zone then 6800 is more realistic.4 -
Quick, sell now!golfaddick said:nothing to do with Brexit or the pound, but a direct correlation to how CAFC are doing - no coincidence that this week's falls happened after our defeat on tues nights.
If we are top 6 on Dec 31st then FTSE will be above 7300, if we are out of the play-off zone then 6800 is more realistic.1 -
Guaranteed this will just turn into yet another CL political thread.0
-
tend to agreebobmunro said:
Weakening currency = stronger equities (usually) - well FTSE100 anyway which is packed with non-sterling earning organisations. And vice versa.hoof_it_up_to_benty said:There seem to be so many competing factors at the moment that it seems hard to predict which direction we're heading in. Only a weak sterling will keep the FTSE buoyant and with the uncertainty over Brexit and North Korea I can see it dropping back to 6700.
The pound has strengthened because FOREX dealers are speculating on when and how much interest rates rise - the fundamentals haven't changed.
Around 7,000
although we are living in a very unpredictable world
0 -
I think you might be right. Today is the first time I noticed the FTSE moving in a significantly different direction to the DAX.hoof_it_up_to_benty said:There seem to be so many competing factors at the moment that it seems hard to predict which direction we're heading in. Only a weak sterling will keep the FTSE buoyant and with the uncertainty over Brexit and North Korea I can see it dropping back to 6700.
0 -
Sterling stronger, Euro weaker - all about exporting.PragueAddick said:
I think you might be right. Today is the first time I noticed the FTSE moving in a significantly different direction to the DAX.hoof_it_up_to_benty said:There seem to be so many competing factors at the moment that it seems hard to predict which direction we're heading in. Only a weak sterling will keep the FTSE buoyant and with the uncertainty over Brexit and North Korea I can see it dropping back to 6700.
0 -
Thought everything was going tits up0
-
Dollar weaker, rather than eurobobmunro said:
Sterling stronger, Euro weaker - all about exporting.PragueAddick said:
I think you might be right. Today is the first time I noticed the FTSE moving in a significantly different direction to the DAX.hoof_it_up_to_benty said:There seem to be so many competing factors at the moment that it seems hard to predict which direction we're heading in. Only a weak sterling will keep the FTSE buoyant and with the uncertainty over Brexit and North Korea I can see it dropping back to 6700.
0
