Author Topic: FTSE and European markets  (Read 6736 times)

eddieb

  • Hero Member
  • *****
  • Posts: 805
  • Likes: 191
  • Gender: Male
Re: FTSE and European markets
« Reply #135 on: June 01, 2021, 10:37:24 AM »
What a cracking start to the week!!
Reuters report a jump in new orders helped boost manufacturing activity in the UK and the PMI rose to 65.6 in May, up from 60.9 in April, the highest since the survey began back in 1992. Eurozone manufacturing activity is similarly up with their PMI also rising.
The Bank of England expects the UK economy to grow by 7.25% this year, its highest since WW", albeit after a 10% drop in 2020.

FTSE100 stands up 1.26% at 7111
Dax is up 1.44% to 15643
EuroStoxx is up 1.15% to 4085
Disclaimer. Posts are just my thoughts,  not recommendations.  Do your own due diligence before trading

eddieb

  • Hero Member
  • *****
  • Posts: 805
  • Likes: 191
  • Gender: Male
Re: FTSE and European markets
« Reply #136 on: June 03, 2021, 11:32:48 AM »
Giving a lot back to the markets today ahead of expected economic date from the US later which is not expected to be positive.

FTSE100 down 0.8% to 7050
Dax down 0.4% to 15542
EuroStoxx down 0.4% to 4072

Obviously there are exceptions, one that stands out is electric car maker Lunaz following an announcement that David Beckham has taken a 10% stake. A bit concerning when celebs actions affect the stockmarket, as Elon Musk has demonstrated many times.
Disclaimer. Posts are just my thoughts,  not recommendations.  Do your own due diligence before trading