Further to warning indications highlighted in previous editions The Dow opened the day with early weakness, the result being heavy selling that lasted throughout the day ending in a loss of 283 points. The possibility of the Dow testing below a 11,200 with more weakness potential is now looking likely. The NASDAQ and the S&P have both weakened further. Today with US news at 1.30 and 3 pm (British Summer Time) should these economic reports be worse than expected and be interpreted as indicators of further weakness to come, coupled with end of the week profit taking, could mean further substantial falls towards the close. The FTSE, writes Greg, 100 index closed down 87 points at 5,362 having reached a low of 5,245. Today with all the indicators from the US, a down day is on the cards and the movement around our major news at 9.30 (BST) is expected to be muted as the likelihood for surprises on the figures is very low against those forecast. Gold is at $929.600 and Oil is at $126.230 Have a great weekend and see you MondayÂ
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