FTSE Rises As Vaccine Confidence Lifts
Fiona Cincotta November 23, 2020 4:40 PM
The FTSE is kicking off the week on the front foot as vaccine optimism overshadows the grim backdrop of accelerating covid cases
The FTSE is kicking off the week on the front foot as vaccine optimism overshadows the grim backdrop of accelerating covid cases. The light at the end of the tunnel appears to be getting brighter.
Looking ahead manufacturing & services PMIs for the Eurozone, the UK and the US will be in focus. Preliminary readings for November business activity in the Eurozone are expected to be dismal owing the resurgence of covid and second round of lockdown restrictions. Last months’ readings showed a slight decrease, this month’s readings are expected to show a significant deterioration in activity level.
UK manufacturing and services PMI will also be in focus, The UK economy has proved to be resilient, strengthening after the March / April lockdown. However, this strength eased slightly in October as fresh lockdown restrictions in part of the UK came into force. November’s data is expected to show a continued weakening in November reflecting the fallout from the national lockdown across the UK which started on 5th November.
FTSE Chart
Disclaimer
This report is intended for general circulation only. It should not be construed as a recommendation, or an offer (or solicitation of an offer) to buy or sell any financial products. The information provided does not take into account your specific investment objectives, financial situation or particular needs. Before you act on any recommendation that may be contained in this report, independent advice ought to be sought from a financial adviser regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs.
GAIN Capital Singapore Pte. Ltd., may distribute reports produced by its respective foreign entities or affiliates within the GAIN Capital group of companies or third parties pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the report is distributed to a person in Singapore who is not an accredited investor, expert investor or an institutional investor (as defined in the Securities Futures Act), GAIN Capital Singapore Pte. Ltd. accepts legal responsibility to such persons for the contents of the report only to the extent required by law. Singapore recipients should contact GAIN Capital Singapore Pte. Ltd. at 6826 9988 for matters arising from, or in connection with the report.
In the case of all other recipients of this report, to the extent permitted by applicable laws and regulations neither GAIN Capital Singapore Pte. Ltd. nor its associated companies will be responsible or liable for any loss or damage incurred arising out of, or in connection with, any use of the information contained in this report and all such liability is hereby expressly disclaimed. No representation or warranty is made, express or implied, that the content of this report is complete or accurate.
GAIN Capital Singapore Pte. Ltd. is not under any obligation to update this report.
Trading CFDs and FX on margin carries a high level of risk that may not be suitable for some investors. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice. Visit cityindex.com.sg for the complete Risk Disclosure Statement.