Yesterday – notes Greg Secker – the FTSE closed up a much more sedate 47 points at 4,087. Today there is market moving news in the form of our Gross Domestic Product figures, which will be released at 9.30 am British Summer Time, so watch at this time and be aware of weekly position profit taking in the latter part of the session. Over on the left hand side of the Atlantic Ocean the Dow Jones closed up 172 points at 8,691 and with only moderate market news out in the form of New Homes Sales at 3 pm British Summer Time look to the pre-open (1.30 pm BST), the open (2.30 pm BST) and news releases (3 pm BST) to potentially provide the greatest price action ahead of weekly position profit taking and the Opec decision suggested at a 2.5 million barrels a day cut. Currently Oil is trading at $68.94 and Gold at $724.80. Have a good day’s trading, a great weekend and I will speak with you on Monday.
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