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The market opened down 50 and is up 40 at midday - you can't keep a recovering market down. Positives include the iron ore price as Brazil runs into production concerns, a recovery in the Chinese economy with PMI numbers above 50 this morning, the oil price up 5% ahead of an OPEC meeting on Thursday that has been brought forward, a bounce in the banks from the lows this morning and the falls on Friday, a continuation of the 'Travel Trade' (FLT and WEB going up) and a less severe than expected US response to the Hong Kong moves by China. Rising case numbers in a number of countries and Race Riots in the US don't help but have been overwhelmed. We have updated the ALL ORDS SPREADSHEET this morning and have an interesting email from a Member in the Strategy piece which describes how to invest as a private investor. Worth the read. Sorry about the Golf analogy I made in the reply.
The market opened down 50 and is up 40 at midday - you can't keep a recovering market down. Positives include the iron ore price as Brazil runs into production concerns, a recovery in the Chinese economy with PMI numbers above 50 this morning, the oil price up 5% ahead of an OPEC meeting on Thursday that has been brought forward, a bounce in the banks from the lows this morning and the falls on Friday, a continuation of the 'Travel Trade' (FLT and WEB going up) and a less severe than expected US response to the Hong Kong moves by China. Rising case numbers in a number of countries and Race Riots in the US don't help but have been overwhelmed. We have updated the ALL ORDS SPREADSHEET this morning and have an interesting email from a Member in the Strategy piece which describes how to invest as a private investor. Worth the read. Sorry about the Golf analogy I made in the reply.
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