AJ Bell: Nerves in the markets
“Even before investors get a chance to sample the week’s big news, markets are showing signs of strain,” says Danni Hewson, head of financial analysis at AJ Bell.
Hewson adds:
“It almost feels like whiplash to have been discussing the potential for the FTSE 100 to hit the 10,000 mark last week when this week it seems to be doing its best to slump back towards its previous milestone.
“Nerves are palpable and by the end of the week we might have a good sense of whether the year will end with a bang or a pop.”
That ‘big news’ is Nvidia’s results, due after the Wall Street close tomorrow, and the delayed US non-farm payroll set for Thursday.
Paschal Donohoe’s departure from Irish politics to become managing director of the World Bank will trigger another race for his second job as head of the Eurogroup ,an influential alliance of countries that use the euro.
According to the Business Post’s Brussels correspondent Sarah Collins, Spanish economy minister Carlos Cuerpo almost got the numbers the last time around and could lead the field of contenders.
Donohoe, was reappointed for a third term in July. His other challenger last summer, Lithuania’s Rimantas Šadžius, is no longer a minister.
