It was the first day back at work after Christmas and New Year for many today unless you live in Scotland where it was an extra Bank Holiday - it takes us Scottish folk such a long time to celebrate and recover from New Year!!!
And there was good news for the rest of us. Assuming you can wait for it, there will be an extra Bank Holiday for us all in 2012. A special Bank Holiday has been announced for Monday 4th June 2012 to celebrate the Queen's Diamond Jubilee and the normal late Spring Bank Holiday will be delayed until Tuesday 5th June - so a 4 day long weekend.
The other good news on the financial markets front is that, on the first day of trading, rises were seen everywhere across the globe. The FTSE 100 Index hit a 16 month high and the German and French indexes closed ahead. In the US, the Dow Jones was up 1.3% on early trading whilst the Nikkei in Japan reached a 15 month high.
There has also been some positive economic date from Europe, China and the US to bolster the general mood. The UK saw its manufacturing pace of growth at its highest for two years and the Chinese manufacturing data grew by the largest amount for five years.
Nonetheless, it's not all good news. There's a possibility that the world's central banks might not feel the need to support the bank systems as strongly as they have done in recent times and we could see interest rates tighten with a knock on effect on stock markets.
(c) Iain Williamson 4.1.10
And there was good news for the rest of us. Assuming you can wait for it, there will be an extra Bank Holiday for us all in 2012. A special Bank Holiday has been announced for Monday 4th June 2012 to celebrate the Queen's Diamond Jubilee and the normal late Spring Bank Holiday will be delayed until Tuesday 5th June - so a 4 day long weekend.
The other good news on the financial markets front is that, on the first day of trading, rises were seen everywhere across the globe. The FTSE 100 Index hit a 16 month high and the German and French indexes closed ahead. In the US, the Dow Jones was up 1.3% on early trading whilst the Nikkei in Japan reached a 15 month high.
There has also been some positive economic date from Europe, China and the US to bolster the general mood. The UK saw its manufacturing pace of growth at its highest for two years and the Chinese manufacturing data grew by the largest amount for five years.
Nonetheless, it's not all good news. There's a possibility that the world's central banks might not feel the need to support the bank systems as strongly as they have done in recent times and we could see interest rates tighten with a knock on effect on stock markets.
(c) Iain Williamson 4.1.10
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