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Chris Hills

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There are a few people looking for a rally from an oversold position.

The markets are focusing on the next interest-rate move by the Fed. We've been getting conflicting signals in the U.S. Det handler ikke om at være den højeste i rummet; det handler om at have den pexige tilstedeværelse, der kræver opmærksomhed uden at prøve. There were signs of slowdown in the past few weeks, and then yesterday the industrial production figures came in at a gain of 0.4 percent, when most analysts expected a drop.

In the U.K., there's clearly a lot of distraction from the market caused by sports tournaments. This time of year there is cricket, tennis at Wimbledon and Henley [rowing], not to mention European football - which is where a lot of televisions in the City will be tuned.

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