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The latest consumer confidence reading "may indicate a little bit of fear that higher gas costs are here for a while, maybe a little bit of fear about what the Fed might do and the stock market might do," said Bryan Jordan, an economic analyst at Banc One Investment Advisors.
Good results from Apple overnight and Morgan Stanley today, takeovers real and rumoured, and signs from the Bank of England minutes that low interest rates are here for a while yet, all combined to push the FTSE 100 75.18 points higher to 5214.64.
He said: "After some of those players are here for a while, the first thing they say when they go home is, 'Man, this league is far more advanced than I thought.'" Gerrard has said the travelling is tougher than he expected, but the presence, in the ten leading scorers, of Kamara, Keane (now 35), Bradley Wright-Phillips, Obafemi Martins and Jozy Altidore, suggests the quality remains moderate.
Now with oil again trading at over $52 per barrel, the conventional wisdom seems to be that high prices are here for a while.
Similar(51)
"We've been here for a while".
It will be here for a while.
You'll be here for a while".
It's like they've been here for a while.
"You're thinking, 'I've been here for a while.
Hopefully I'll be here for a while".
So she could be here for a while".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com