Footsie goes nowhere

📉 A Short Report · Thu, 15 Oct 2026 · published 06:00 UK

My call @ Thu 15 Oct 06:00 UK:No tradeRight? @ Thu 15 Oct 16:30 UK:

Right: the FTSE rose a lot between my call and the 16:30 UK close, seemingly because official UK growth figures that morning showed the economy still growing, which eased gilt yields and helped the FTSE shrug off another tech sell-off.

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Yesterday's call

Yesterday my call was No trade. I said: My call: No trade. I'm holding off a short today, as no driver for a fall shows up this morning.

I was right. The market was up a bit.

Official news overnight

HM Treasury put out a release headed "Britain funds critical repairs to Chornobyl nuclear power plant damaged by Russian drone attack" (15 Oct, 00:01 UK). Contains public sector information licensed under the Open Government Licence v3.0 (HM Treasury, GOV.UK).

Today's diary

UK Europe US

all day
UKEx-dividend Thursday (FTSE 100 constituents going ex)
11:00 CEST (10:00 UK)
EuropeEuro area industrial production
08:30 ET (13:30 UK)
USFactory prices (factory-gate prices)

Diary: Source: Eurostat; Source: U.S. Bureau of Labor Statistics.

My call

My call: No trade. Nothing I can see in this morning's news or diary points to a fall, so I'm standing aside from a short. How sure: fairly.