Morning Call by Greg Secker

Yesterday the FTSE closed up 18 points at 4,171 which belies the volatility of the session. Today with United Kingdom GDP, Import, Export, Private Consumption and Government Spending figures out at 9.30 am look for another day of choppy movement with little decisive direction unless the news breaks here and in America hold any surprises. On Wall Street yesterday, the Dow Jones also ranged about until the session end to finish 36 points up at 8,479 after GDP figures further confirm the crisis’ continuation and U.S. house prices proved to be declining at an increasing rate. Today ahead of the Thanksgiving shutdown and with a raft of high to moderate news delivered between 1.30pm and MP3 expect further intraday volatility from the news breaks and from early position profit taking. Oil is currently at $51.20 and Gold is at $814.60. That’s it for now good trading and I will speak with you tomorrow.