Category Archives: Indices

FTSE100 in the red on Ukraine, Scottish Independence, AB foods

The FTSE100 was moving lower this morning after fears persist centred around the situation in Ukraine and continued uncertainty over Scottish Independence.

The ceasefire so far in the Ukraine appears to be holding, however there have been reports of some small battles taking place overnight between government forces and pro russian militants.

In Scotland recent polls are showing a narrowing of the gap between Yes and No votes, with many sources saying the results remains to close to call. This has sent the GBP/USD and UK markets in general lower as traders speculate on the likely impact of a Yes vote.

AB foods this morning fell even though the companies statement reiterated guidance for this year and says it expects that growth in its Primark and grocery businesses should offset the hit it will take after recent Pound strength and a fall in the price of sugar.

Banking has also taken a hit this morning with RBS being the top sector faller after a downgrade and fears on the impact of Scottish Independence.

Wall Street Opens Up after Retail Sales, JP Morgan Results

Dow Jones Industrial Average (US30) opened up as December retail sales came in above expectations. This brought a halt to the steep drop experienced yesterday and if the DOW finishes up today it will break a 4 session losing streak.

also contributing to the rise was JP Morgan (JPM) results which cheered investors and revealed profits in line with estimates, although overall profits fell 7.3% from last reporting quarter.