Markets digest ECB cuts sterling puts on early morning rally
Fiona Cincotta September 13, 2019 10:05 AM
Asian markets positive on back of interim deal rumour
In Asia stocks were higher today although China, South Korea and Taiwan are closed for the mid-autumn festival. The Nikkei was up 0.8% in late trading and the Hang Seng was up nearly 1%.
Asian markets seemed cautiously positive about the ECB decision and are currently trading at a six-week high. There are also reports that the US government may be close to announcing some form of interim trade deal with China.
FTSE up led by Pearson
The FTSE opened slightly down this morning. Pearson was the leading stock out of the gates, putting on more than 3%. This seems to be largely on the back of a new buy note for the company from Citigroup. Compass Group and RELX were early fallers.
Please note these products may not be available to trade in all regions.
Disclaimer: GAIN Capital UK Limited (trading as "Forex.com") is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, Forex.com does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by Forex.com or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although Forex.com is not specifically prevented from dealing before providing this material, Forex.com does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
For further details see our full non-independent research disclaimer and quarterly summary.