Morning Call
Morning Call by Traders University
by Greg Secker on Mar.25, 2010, under Morning Call
The FTSE 100 was up 4.25 points closing at 5,677.88.
According to the latest YouGov/Sun poll, the Conservative lead has fallen to two points. Tories are on 36 points and Labour are on 34. Yesterday, Alistair Darling stepped up his fight against banks and the wealthy. In his budget, he hit the wealthy hard by unveiling a new top rate of stamp duty. Darling stated that from next April, he would increase stamp duty to 5% on homes over £1m. For first time buyers he will use the proceeds to help fund a two-year increase in the stamp duty threshold. Darling also said that he would freeze the inheritance tax threshold at its current level of £350,000 for another four years.
Due for release today is the GBP Retail Sales m/m, USD Unemployment Claims and Fed Chairman Bernanke Testifies.
