Morning Call by Traders University
by Greg Secker on Mar.26, 2010, under Uncategorized
UK Report
The FTSE 100 closed 49.77 points higher at 5,727.65.
According to the latest YouGov/Sun Poll, the Conservative lead has bounced back to a four-point difference. The Tories are at 37 points, Labour are at 33 points, whilst the Lib Dems are holding at 18. Yesterday, the Institute for Fiscal Studies (IFS) has warned, that as the Treasury tries recovering the £51bn black hole in the country’s public finances, Government departments will be faced with cuts to their budgets over the next four years. The think-tank has critized the government for failing to provide detail on how it plans to repair the fiscal damage. Although in Wednesday’s budget Darling reduced the size of the fiscal repair to £66bn, this was £6bn less than he had estimated in the pre-Budget report and also 30% of this still has to be announced.
Due for release today is the EUR Economic Summit.
