FTSE struggles for direction with Jackson Hole in view

FTSE struggles for direction with Jackson Hole in view

The FTSE 100 was heading nowhere fast on Tuesday, starved of any obvious catalysts on the corporate and economic front, says AJ Bell financial analyst Danni Hewson.

“Concerns about the spread of the Delta variant seem to wax and wane as often as the weather and a slightly sunnier mood to match the meteorological conditions in the UK helped the travel sector eke out some modest gains early on.

“Also helping sentiment was a steady performance overnight for Asian stocks and a strong showing on Wall Street.

“All eyes remain on the Jackson Hole meeting at the end of the week with the markets likely ferreting around for clues on what central bankers will do next on financial stimulus and interest rates and, crucially, when.”

Published at Tue, 24 Aug 2021 09:01:51 +0000



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