The prospect for some profit taking ahead of the weekend break doubtless remains.
More Quotes from Matthew Buckland:
The resurgent price of oil may make further direction difficult to find in the short term.Matthew Buckland
Upbeat earnings news left Wall Street with a triple digit gain through yesterday's session and this looks set to lift European equities in early trade.
Matthew Buckland
(That) may offer further indications as to the threat posed by inflation and precisely when we might see the FOMC tighten interest rates further.
Matthew Buckland
Although consensus is that the next move will be downward, it still seems as if this is going to be some time away.
Matthew Buckland
We're looking at a somewhat flat start to the week. Oil prices look set to play a key role in directing equities.
Matthew Buckland
With the FOMC rate verdict due later today, there's a cautious mood creeping into equity markets as although a 25 basis point hike is widely expected, there's little consensus as to just how long the aggressive stance over interest rates will now continue for.
Matthew Buckland
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