Spreadex Market Update
Eurozone indices jittery ahead of important inflation data
Expectations of action from Mario Draghi and co. have got the region’s investors in a tizzy in the past fortnight, even if the last few days have seen those same expectations tempered by decent data. Such a trend leaves the DAX and CAC up a mere 15 and 5 points respectively, though with some important region-wide CPI data still to come.
Given that the region’s failure to reach its inflation targets is one of the main reasons the Eurozone’s central bank is considering another injection of QE, this Wednesday’s figures perhaps carry slightly more weight than they have of late. Analysts are anticipating stagnation in the core number (at 1.1%) alongside a slight improvement in the normal figure, rising to 0.2% from an already upwardly revised 0.1% last month, something that may not be received well by the Eurozone indices (but could be a potential short-term boost for the euro).
In comparison to its European and US peers the FTSE lacks any real macro-clout at the moment, largely just trading as dictated by its commodity sector. This morning a solid(ish) display from its oil and mining stocks have allowed the UK index to jump by around 25 points, crossing the 6400 mark to leave it around 40 points away from its recent highs at the start of November. After a weaker than forecast manufacturing PMI yesterday, however, the wind could be taken out of the FTSE’s sails with a similar showing from its construction PMI (which is expected to drop to 58.4 from 58.8 last month).
It's easy to open an account
- Fill in our simple online application form
- Fund your account
- Start trading the global markets instantly!
SEARCH FOR AN ARTICLE:
Enter a keyword and search for all relevant articlesMARKET ANALYSIS
RECENT POSTS
DISCLAIMER
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. For professional clients, spread betting and CFD trading can also result in losses larger than your initial stake or deposit.
Spreadex Ltd is authorised and regulated by the Financial Conduct Authority, provides an execution only service and does not provide advice in any way. Nothing within this update should be deemed to constitute the provision of investment advice, recommendations, any other professional advice in any way, or a record of our trading prices. This update does not constitute or form part of an offer of, or solicitation for a transaction in any financial instrument, nor shall it or the fact of its distribution form the basis of, or be relied on in connection with, any contract therefore. Any persons placing trades based on their interpretation of the comments or information within this update does so entirely at their own risk.
No representation, warranty, or undertaking, express or limited, is given as to the accuracy or completeness of the information or opinions contained within this update by Spreadex Ltd or any of its employees and no liability is accepted by such persons for the accuracy or completeness of any such information or opinions. As such, no reliance may be placed for any purpose on the information and opinions contained within this update.
The information contained within this update is the intellectual property of Spreadex Ltd and is protected by UK and International copyright laws. All rights reserved. Users may however freely download, distribute and reproduce extracts of the contents, subject always to accrediting Spreadex Ltd as the source and providing a hyperlink to www.spreadex.com.
