It is the last day of September and so the end of Q3 but the FTSE has been so boring over the last few days we suspect this will have minimal impact, but one should be aware.
At least we have some activity back and it is all in one direction but the only ratio to change is DR which slips out a touch.
Really there is very little we can add as until this index decides to take on R2 again at 7250 or have a go at the bottom boundary it is just wasting time.
Of course that means the market just reeling in the time value so at least someone gets something, rather like last expiry spending all that time in its NZ.
Range: 7250 to 7350
The DAX is making the same heavy going with Y2 that the SPX is with theirs.
After the first couple of hours it managed to claw its way up to it and then flat lined for the rest of the day, suffice it to say the high was 12708 and the real time close was 12699.
Hardly a ringing endorsement of recent fundamental events, but also, and again just like the SPX, any knock backs have not shaken out any sellers.
Just over 1% to the first R ratio and don’t forget it doesn’t actually go much higher than that so if it really wanted to it could easily forge ahead, as long as it just doesn’t look down.
Range: 12550 to 12850