News

Blue Index News and Press Releases. Please visit this page often for regular updates regarding Blue Index as an organisation.

Bullish background offset by more downbeat news from the house market

The Footsie edged up at the open again as the generally bullish background reflected hopes of M&A action in the energy and commodities markets, and there was some value buying again in recovery stocks. Against this though, there was plenty of news from the housing market involving both lenders and borrowers, and it looks as though we are to expect more recession-type given what we are seeing in the sector.

Buyers back in force on plenty of corporate news

After a quiet start, there was another surge of buying today as traders digested another slew of corporate news over the weekend, together with this morning’s statements. Once again, the strength in the oil price has spurred rallies in the sector, with one of our favourites Cairn Energy moving again to new highs after another 3% rally.

Early fall on Footsie on profit taking and weak Far East markets

Although there were plenty of corporate statements early on today, the main themes were a continued rise in oil prices and some profit taking after an uneasy finish on Far Eastern markets. The mining sector ran into one or two sellers after a very good week, and Kazakhmys led the fallers mid-morning, dropping 3.4% on a lack of takeover news.

Fall in US stocks hits Footsie early on as traders await BoE rate decision

Shares in London’s top stocks opened lower ahead of the Bank of England’s monthly decision on interest rates later today, with the feeling that rates may be left unchanged but with the possibility of future drops. It was however last night’s fall on the Dow Jones Index that gave the early downside impetus to the FTSE 100 index despite some sharp moves on special situations.