There's no argument for a quick spate of booking profits on the week as we're sitting close to current lows, but the diminishing prospect of a rate cut in the UK combined with improving cash yields across the Atlantic could make further notable gains difficult to find.
More Quotes from 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
The resurgent price of oil may make further direction difficult to find in the short term.
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
The prospect for some profit taking ahead of the weekend break doubtless remains.
Matthew Buckland
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