Mark Austin FTSE Trading Update - 30th Nov 2010

Good morning

I have had a few emails as to whether the traditional xmas rally will come into play this year.  In general this is a positive time for stocks, however at present the Europe credit crisis and the Korean situation is creating allot of stress in the market place.  This is explained why we are seeing wild price swings in a narrow price range.  Ireland has now been bailed out but there are concerns over Spain and Portugal.  There have been comments that Spain is too big to bail out. Until these major problems are resolved horizontal price activity may continue.