Matthew Buckland Direction Quotations

Today's market may well face a struggle for direction. Uncertainty over oil prices and the future direction for U.S. interest rates has made it a somewhat choppy week.

Equity markets finished last week on an upbeat footing but the resurgent price of oil and the fact some Asian markets have been closed for the week's opening session to mark the Chinese New Year may make further direction difficult to find in the short term.

The resurgent price of oil may make further direction difficult to find in the short term.

The MPC meeting minutes due next Wednesday will provide additional direction here, but anything that reinforces the need for a quick reduction is yields on cash deposits could again offer further support for stocks.