Spreadex Market Update

Asian stocks rose for a sixth day



Asian stocks rose for a sixth day, extending their longest streak of gains in nine months. The Federal Reserve Beige Book last night showed the world’s biggest economy saw a moderate recovery. Positivity has been carried forward into Europe this morning with Financials leading the FTSE.

 

World leaders from the G20 group of nations are set to meet in Russia for day one of the meeting. The main topic will be military action against Syria’s government which President Barack Obama effort to win legislative backing for military strikes passes its first hurdle with Senate voting in favour.

 

Dixons was the top 250 riser after announcing in line earnings but will be disposing any unprofitable units as UK sales gain. They are close to exiting its online unit PIXmania and have agreed to sell its Turkish operations to help enable it to focus on UK growth. Shares traded nearly 10 percent higher.

 

Crude traded near the lowest level in more than week on lack of military actions against Syria, easing concern the conflict will disrupt oil supplies. 

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