Neil Parker Market Quotations

What does it tell us? It tells us the market is not convinced. The market is trying to find its feet. Does it want another leg higher, or are we going to have a correction down?

There's no sign of recovery for the euro. There's not much the European Central Bank can do with strong oil prices and a weak euro adding inflationary pressure. It has prepared the market for a rate rise next Thursday -- we expect 25 basis points.

There's no sign of recovery for the euro, ... There's not much the European Central Bank can do with strong oil prices and a weak euro adding inflationary pressure. It has prepared the market for a rate rise next Thursday -- we expect 25 basis points.

The one thing that has worked against the equity market pushing higher is that the UK bond market has been hammered, and yields have subsequently risen. Before it was a one-way bet, but now people are having to be more thoughtful.

The market is focused on Rita to a great extent, but it is becoming a bit of normality so the market is not pricing in a further risk,