BRIEF MARKET UPDATE

I came in today determined to put my best foot forward, but no one wanted to play with me. The level of activity in the London equity markets was again derisory. At 4.00pm the FTSE 100 was down 25 points at 6246, having opened the session up 14 points 6285. It was the banking sector that sat up and took in some nourishment, with HSBC leading the way. However, that sector gave up the ghost and at the time of writing, banks were flat on balance, though Standard Chartered was down 2.5%. IG posted a decent trading statement but was up only 0.25% having been up 2% early on.

The Street of Dreams is currently down 50 points so there was no inspiration coming from across the pond.

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