Member Article

Markets edge lower in thin volume

Thursday proved another negative day for financial markets, with Equities in Europe falling, along with the Euro and commodities such as gold and oil. Volumes were once again weak, with US indices tracking lower over the last couple of days in some of the lowest trading volume of the year. This shows investor reluctance to place big bets ahead of the big central bank meeting in Jackson Hole over the weekend. Given markets hopes and expectations for evidence of Federal Reserve and other Central Bank intervention, failure to do so may disappoint markets that have had a good run up prior to the event.

The FTSE 100 lost around 0.4%, underperforming European indices. Other than UK listed miners that were notable for their location at the bottom of the index, there was little in the way of corporate news flow.

This was posted in Bdaily's Members' News section by James .