End of year prediction for FTSE 100?

hoof_it_up_to_benty

There seem to be so many competing factors at the moment that it seems hard to predict which direction we're heading in. Only a weak sterling will keep the FTSE buoyant and with the uncertainty over Brexit and North Korea I can see it dropping back to 6700.

Rob7Lee

Agreed sub 7,000 certainly, not sure as low as 6700 but possible.

bobmunro

hoof_it_up_to_benty said:

There seem to be so many competing factors at the moment that it seems hard to predict which direction we're heading in. Only a weak sterling will keep the FTSE buoyant and with the uncertainty over Brexit and North Korea I can see it dropping back to 6700.

Weakening currency = stronger equities (usually) - well FTSE100 anyway which is packed with non-sterling earning organisations. And vice versa.

The pound has strengthened because FOREX dealers are speculating on when and how much interest rates rise - the fundamentals haven't changed.

Around 7,000

golfaddick

nothing to do with Brexit or the pound, but a direct correlation to how CAFC are doing - no coincidence that this week's falls happened after our defeat on tues nights.

If we are top 6 on Dec 31st then FTSE will be above 7300, if we are out of the play-off zone then 6800 is more realistic.

SOTF

golfaddick said:

nothing to do with Brexit or the pound, but a direct correlation to how CAFC are doing - no coincidence that this week's falls happened after our defeat on tues nights.

If we are top 6 on Dec 31st then FTSE will be above 7300, if we are out of the play-off zone then 6800 is more realistic.

Quick, sell now!

Bedsaddick

Guaranteed this will just turn into yet another CL political thread.

lolwray

bobmunro said:

hoof_it_up_to_benty said:

There seem to be so many competing factors at the moment that it seems hard to predict which direction we're heading in. Only a weak sterling will keep the FTSE buoyant and with the uncertainty over Brexit and North Korea I can see it dropping back to 6700.

Weakening currency = stronger equities (usually) - well FTSE100 anyway which is packed with non-sterling earning organisations. And vice versa.

The pound has strengthened because FOREX dealers are speculating on when and how much interest rates rise - the fundamentals haven't changed.

Around 7,000

tend to agree

although we are living in a very unpredictable world

PragueAddick

hoof_it_up_to_benty said:

There seem to be so many competing factors at the moment that it seems hard to predict which direction we're heading in. Only a weak sterling will keep the FTSE buoyant and with the uncertainty over Brexit and North Korea I can see it dropping back to 6700.

I think you might be right. Today is the first time I noticed the FTSE moving in a significantly different direction to the DAX.

bobmunro

PragueAddick said:

hoof_it_up_to_benty said:

There seem to be so many competing factors at the moment that it seems hard to predict which direction we're heading in. Only a weak sterling will keep the FTSE buoyant and with the uncertainty over Brexit and North Korea I can see it dropping back to 6700.

I think you might be right. Today is the first time I noticed the FTSE moving in a significantly different direction to the DAX.

Sterling stronger, Euro weaker - all about exporting.

clb74

Thought everything was going tits up

PragueAddick

bobmunro said:

PragueAddick said:

hoof_it_up_to_benty said:

There seem to be so many competing factors at the moment that it seems hard to predict which direction we're heading in. Only a weak sterling will keep the FTSE buoyant and with the uncertainty over Brexit and North Korea I can see it dropping back to 6700.

I think you might be right. Today is the first time I noticed the FTSE moving in a significantly different direction to the DAX.

Sterling stronger, Euro weaker - all about exporting.

Dollar weaker, rather than euro