Capital Street BancClear Corporation

Option Banque is a brand owned and operated by Capital Street BancClear Corporation Limited with registered address Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, SVG.

  • Suite 305, Griffith Corporate Centre Beachmont, KingsTown Saint Vincent and The Grenadines

  • +1-949-335-4314

  • Monday-Friday: 6.00 AM
    4.00 PM GMT

FTSE 100 Edges Higher, Spurred by Trump’s U.S. election victory

Nov, 14th 11:21

U.K. shares rallied on Monday, with financials and commodity companies leading the gainers. Higher U.S. interest rates and increased infrastructure spending under Donald Trump’s presidency gave a boost to those stocks while a stronger dollar lifted overseas earners.

The benchmark FTSE 100 added 1.0% so far, trading around 6,8000p after dropping 1.4 percent on Friday.

Bank stocks are among top gainers on expectations that Trump’s administration will loosen regulation on the industry. Barclays PLC shares rose 3.59%, while those of Royal Bank of Scotland PLC picked up 3.62%. HSBC Holdings PLC gained 1.94%, Standard Chartered and The Royal Bank of Scotland were up 2-3%.

As industrial commodity prices extended gains, shares of most mining companies were on positive territory. Anglo American rose 3.27% and BHP Billiton edged 2.96% higher. Glencore and Rio Tinto plc added to the uptrend, rallying 2.6% and 1.79%, respectively.

However, as gold has been under pressure from a strengthening U.S. dollar, shares of Randgold Resources Limited and Fresnillo PLC were trading in the red.

Housebuilders remained confident of strong sales in ‘robust’ U.K. housing market. As a result, Taylor Wimpey shares are also up nearly 3 percent. Stocks of Barratt Developments PLC , The Berkeley Group Holdings PLC, CRH PLC, Persimmon PLC and Wolseley PLC added at least 1.4% each.

Shares of business support services group DCC surged 6.3%, to the top of the FTSE 100, after the company reported a strong first-half performance and said it expects full-year profit to be ahead of expectations.


Fig: FTSE H4 Technical Chart

FTSE 100 index retreated after leaping on the market open. The index jumped to above the 23.6%Fibonacci retracement and is expected to surge higher as can be seen from the stochastic chart, the %K line has crossed the %D line from below.

Trade suggestion

Buy Digital Call Option from 6800.00 to 6820.00 valid until 20:00 GMT November 14, 2016

Option Banque has proven A+ Rating and Reviews on forex forums