Europe has shrugged (high oil prices) off pretty well but I think we will see $70 a barrel and that might be the catalyst for a sell-off. |
It's a combination of a lot of things dragging the market. The Bank of England left rates unchanged, the U.S. is down and so is the price of crude, ... The FTSE especially is very oil heavy. |
It's a combination of a lot of things dragging the market. The Bank of England left rates unchanged, the U.S. is down and so is the price of crude. The FTSE especially is very oil heavy. |
We've had quite strong earnings, but that is starting to be reflected in the price. Multiples currently are getting high and things are looking a bit stretched. |