Saudi Arabia gambling game failed? Still value in the FTSE 100 and FTSE 250

The future for oil and the inquiry of value in the FTSE 100 and FTSE 250 where the specialist subjects for David Buik, Senior Market Commentator for Panmure Gordon, when he joined Zak Mir and Alan Green on the Tip TV Finance demonstrate.

Key Points:

Buik believed that the oil province of affairs is much more of a political job than an economic one.

Saudi Arabia have played a gambling game in the hope of eliminating US shale, according to Buik, which he expressed has failed and now Saudi Arabia faces problems in the form of both trade and balance of payments deficits.

Meanwhile, he noted that the world still needs oil, and thus it is unlikely to go to $20 a barrel.

Buik argued that sentiment is playing a important part in the Santa rally prospect, with fund managers having large amounts of money at the end of the year which needs to be invested. Thus the FTSE 100 is likely to regard some upside, with 6450 being outlined by Buik.

Stepping away from oil, miners and banks, he concluded that there is still some value left in the FTSE 100, and also in the FTSE 250.

Tip TV Finance is a live video demonstrate, broadcasted weekdays from 10 am sharp. Based in St Paul’s, in the heart of the City of London, Tip TV prides itself on being able to attract the very best lineament guests on the demonstrate to offer viewers informed, insightful and actionable infotainment.

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