I still doubt the sustainability of the equity momentum. However, we have now built a base that we will bounce off of, and that means 6,300 is definitely within sight.
More Quotes from Neil Parker:
The rate debate seems more alive than ever, so all the U.K. data will be important,Neil Parker
The Fed made it clear any impact from the hurricane would be temporary. If they don't stop at Katrina why should they stop at Rita Consumers are still dipping in their pockets and spending a vast amount on discretionary goods.
Neil Parker
It is like there is a mental block. It is time for a correction down to 5,500 before we attack 6,000 again.
Neil Parker
The one thing that has worked against the equity market pushing higher is that the UK bond market has been hammered, and yields have subsequently risen. Before it was a one-way bet, but now people are having to be more thoughtful.
Neil Parker
They certainly have the resources to do it. They do have to consider diversification. It does make sense for them to look at it.
Neil Parker
It's a done deal. The ECB and Bank of England will leave interest rates on hold.
Neil Parker
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