Strange day in the market for me that finished level despite the nervous start to the day brought on by BP.
Lots of ups and downs news wise with but with the disciples awaiting an outcome from the EU summit on the sovereign debt crisis I can't imagine that there will be many brave bulls out there.
Closer to home the British Retail Consortium announces that retail sales in November rose less than expected (give me a break), less than expected by whom - someone on a beach in Australia. Anyone with a window or a TV will know that the weather has once again brought the UK to a halt and that retailers are already pinning their hopes on extended opening hours and heavy discounts to recover the lost weekends!
Looking ahead the BRC is already flagging up a difficult start to 2011 as the planned VAT increase and other austerity measures hit home. I have had to have a chuckle at the supporting statement though:
"The sportswear retailer Sports Direct became the latest firm in the sector to warn of difficult times ahead. While trading has been strong this year it says that it is ‘anticipating a tough start to the New Year."
Is that in reaction to Chris Hughton's sacking? Ha, ha.
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