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Banks lead FTSE higher

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 1, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Banks lead FTSE higher by Brenda Kelly Weakness in mainland Chinese stocks after both the official and Caixin PMIs showed manufacturing remains subdued. The official Purchasing Managers’ Index (PMI), which tracks activity in the crucial factories and workshops sector, fell to 49.6 and was the lowest print since August 2012. The market appears to be taking this as a signal that further easing is now on the cards from Beijing. To be fair, this has been a recurring theme in market movements post

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