The opening segment of today’s London open show has Richard Hunter, Head of Research at Wilson King Investments and Tip TV’s Nick Batsford and Zak Mir discuss range of issues from the world of business and financial markets.
An almost vertical rally in the stock markets across the globe has caught everyone by surprise, with experts across the globe repeatedly questioning its sustainability. Hunter refers to the rally as ‘the most hated one’ in recent history, but states it is onwards and upwards for the markets as Fed rate hike threat is becoming less of a factor.
He adds that UK’s mining heavy FTSE100 could jump above 7000 handle soon.
The panel also sheds light on the three way merger between Rank (LON:RNK), 888 (LON:888) and William Hill (LON:WMH). We also look at Oanda sentiment and broker forecasts.