Investors calm ahead of Easter weekend but miners weak on iron ore declinesLeading shares are edging higher ahead of the Easter weekend but the recent strength in the oil price has hit airline shares.With nuclear talks with Iran stretching into another day, the prospect of no agreement is keeping crude prices higher. If any deal is done it is likely to see Iranian oil flood onto a market which is already oversupplied, which would put pressure on the price. As it is Brent crude has edged up another 0.14% at $57.18.It’s a relatively quiet start to the trading session in London which is probably to be expected as markets wind down ahead of the four day weekend. Looking ahead, the domestic calendar is rather subdued, whilst the weekly jobless claims will be the big number to watch from the US. As the day progresses it would be of little surprise to find traders taking money off the table. There’s a lot of uncertainty still hanging over the market and with events including the US non farm payrolls [on Friday] and a meeting between Greek prime minister Alexis Tsipras and Russia’s Vladimir Putin - which has the potential to see more political grandstanding from Greece – set to occur before markets reopen, there’s going to be a degree of risk mitigation in play. Thinner volumes could also exacerbate volatility but for now the FTSE-100 is looking relatively calm. Continue reading...
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