UK Stock Markets post BREXIT - NOT amateur radio

Both the FTSE 100 and FTSE 250 UK share indexes are currently at record high levels. I am sure the weaker pound helps exports, but these levels are high. Of course, being shares, they could tumble tomorrow! At the moment, the stock markets are not phased by BREXIT.

UPDATE 1216z: FTSE 100 at 7110.43 (up 1.82%). FTSE 250 at 7110.43 (up 2.2%).

FTSE 100 - NOT amateur radio

At the moment the UK share index, the FTSE 100, is down about 0.48% today, no doubt spooked by Chinese growth slowing. The world economy is not that healthy and we could well be heading for another downturn. If the end result is a fairer world this would not be a bad thing.

FTSE 100 falling? - NOT amateur radio

I see that the UK share index, the FTSE 100, has fallen quite sharply this morning. The last time I looked it was 6093.16 down 1.32%.


UPDATE 1532z:  It seems to be recovering and stands at 6148.79 currently. This is still down but not as bad as earlier.

FTSE 100 - NOT amateur radio

After early losses, the UK share index has climbed a bit and is in positive territory (just) as I write this.

FTSE 100 roller coaster - NOT amateur radio

The roller coaster ride continues. Presently, the FTSE 100 UK share index is up 0.49%. This is budget day in the UK so a lot can change later. I am still expecting big falls once the punters wake up in the real world with all its problems. I would not be surprised to see the FTSE 100 at 5000 rather than around 6169. It will recover later, but we have uncertainty ahead.

More FTSE 100 - NOT amateur radio

This morning, as I write, the UK FTSE 100 share index is up 1.64% on yesterday as mining stocks recover.

As Hugh warns in an earlier post, are we in for a shock soon? I am still left thinking we are living in cloud cuckoo land. At some point,we are going to see a massive crash.

FTSE 100 - NOT amateur radio

The FTSE 100 ended the day up 0.34%. I am still expecting large falls but so far this has not happened. Sentiment is pushing it higher but reality should push it well down.

I can't help thinking we are living in a parallel universe where reality does not apply.

With all the debt and uncertainty in the world, I think those who invest in the companies listed in the FTSE 100 are living their lives with their eyes and ears closed. At some point, reality will set in and the brown stuff will hit the fan big time and all hell will let loose. At some point, the world faces a MASSIVE re-adjustment and no-one will be immune.

Growth cannot continue in a world with limited resources. Also, living on debt cannot go on for ever. When interest rates are very low it may make sense, but what happens when these rise? China is a real danger and so apparently is Japan. 

FTSE 100 - NOT amateur radio

At the moment the UK share index, the FTSE 100, is down 0.83%, although it is trying to come back. Further falls are likely as there is so much uncertainty about. At the moment it is bouncing around  6130.83.

UPDATE 1610z:  At the moment it is sliding again and stands at down 1.17%.

FTSE 100 UK share index - NOT amateur radio

After an early climb, the FTSE 100 share index has been pretty stable all morning. It is currently up 0.52% and been around this all morning.  Sentiment is wishing it higher whereas in the real world it should be much lower.

FTSE 100 still climbing - NOT amateur radio

It is currently 1110z and the UK share index, the FTSE 100, is up by 0.39% on the day after a shaky start. It could still tumble later.  At its peak, early last year, it was over 7100.

See http://www.bbc.co.uk/news/business/markets/europe/lse_ukx.

UPDATE 1310z:  It is now falling and is  -0.02% down on yesterday.

FTSE 100 - NOT amateur radio

Yet again the FTSE 100 UK share index is up on yesterday at 6163.97. It rose sharply earlier, but has been falling for a while. I guess it could go negative later. With so much uncertainty I think it will fall sharply soon, although I am frequently wrong! In this case, I very much hope I am proved wrong. Looking at China and Greece I somehow think that emotion rather than reality is driving the markets at present. Sooner rather than later the world will wake up to several facts:

1. Growth cannot go on for ever with limited resources.
2. Oil will run out.
3. The population has yet to peak in the world.
4. All the world needs feeding
5. All the world deserves a decent standard of living.

 UPDATE 1142z:   The FTSE 100 is currently -0.33% on yesterday.

FTSE 100 up? - NOT amateur radio

It is now 1245z and the FTSE 100 UK share index stands at 6143.29, which is up 0.76%. With all that is happening in China, I was half expecting a dramatic fall. It seems the stock market wants a recovery, whereas world events are pulling the other way. I reckon we will see dramatic falls before things start  to recover. The world will move away from China, much as they did with Japan. China will become too expensive.

"We ain't seen nothing yet", as the famous phrase went.

UPDATE 1738z:   The FTSE 100 index closed 0.89% higher on the day.

FTSE 100 - NOT amateur radio

At lunchtime the FTSE 100 UK share index is down 0.38%. It was higher, but still negative on the day.

We should expect it to gradually slide in the months ahead as investors are still nervous about Greece, the EC, China and the world economy at large. It always bounces back, although this could take years.

My expectations this year? I think it will fall to around 5000 then bounce back to 6500. Of course I am only guessing and it could end up anywhere between 4000 and 7000.  I suspect there will be a bounce if we vote to stay in the EU in the summer. If we vote to leave, I suspect the pound and the FTSE 100 will lose value.

Shares - NOT amateur radio

Share prices, certainly in London, are falling on the continuing uncertainties over China, Greece and the World. The FTSE 100 index has fallen from a peak of over 7100 last year to about 5630 as I write. Things do recover but this can take years.

At such times people look for a safe haven. Many have chosen my old company, Sepura. Sepura make radios for (mainly) public safety. They recently bought a Spanish rival and now do DMR as well as TETRA.

See http://www.lse.co.uk/ShareChart.asp?chart=intraday&sharechart=SEPU&share=sepura.

UPDATE 1436z:  FTSE 100 shares are still falling.

FTSE recovery? - NOT amateur radio

At the moment the FTSE 100 share index has recovered about 2%, although some think a fall to 5200-5300 could happen. It certainly feels "wobbly".  If I was a betting man, I would expect heavy falls, but I am not a betting man. The markets don't like the slowdown in China, the general gloom around prospects in the world economy, and the rapidly falling oil price.

At some point, not too far away, the whole economy of the world has to change with a realisation that fairness is important and that resources are limited. Growth as a mantra for years will no longer be the watchword. Unabated growth and consumerism cannot be the way. We have finite resources and a finite world. Numerous surveys have shown that more money does not make us happier, in fact the opposite.

FTSE 100 - NOT amateur radio

So the FTSE 100 share index has opened the year well down and is currently some 2.62% down on the day. I wonder where it will be in Jan 2017?

FTSE 100 - NOT amateur radio

At the start of the year, some commentators were predicting the FTSE 100 UK share index would end the year above 7000.  It briefly exceeded this, although currently it is below 6000. A late rally might see it end the year in the low 6000s. I think expecting it to end the year above 7000 is wishful thinking.

Terrorist attacks - NOT amateur radio

The FTSE 100 is recovering but it would only take a successful terrorist attack in the UK or USA to send both the FTSE 100 and the Dow into downward spirals.

FTSE 100 - NOT amateur radio

At the moment, the UK FTSE 100 share index is up 0.95% on the day.  A lot can still happen during the day but it is trying to claw back recent losses.

FTSE 100 - NOT amateur radio

The UK FTSE 100 share index fell earlier, but seems to be staging a recovery. It may even end the day slightly up. There is still over an hour of trading left and a few shocks could change that!

See http://www.bbc.co.uk/news/business/markets/europe/lse_ukx .

UPDATE 2015z:  In the end, the recovery "ran out of steam" and the FTSE 100 closed down 0.45% on the day.