Spreadex Market Update

Risk assets continue to remain in favour



Risk assets continued to remain in favour this afternoon, as the FTSE 100 closed up by more than 1 percent at 6,531. The Dow Jones Industrial Average is once again in all-time record territory as investors participate in the Q4 melt-up that’s been anticipated across equities. Election results from the senate and strong ISM manufacturing results are being given as reason for the continuation in upside momentum. Indeed, while bad news abstains from the market, investors could look to allocate in sympathy of good earnings news flow and corporate buy backs.

Here on London’s main market the clear winner today was Marks & Spencer, whose results surprised to the upside on underlying earnings. The shares closed up over 9 percent at 444.1p. The losers’ board was made of Esure Group, Centamin and Aveva, all of whom closed lower by more than 5 percent.

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