Spreadex Market Update
Heightened concerns over Ukraine
Once again the weekend has brought with it heightened concerns over Ukraine, with the referendum, unsurprisingly, holding in favour of a break away from Kiev. But the market seems a little more comfortable with risk at this point, needing more to induce fierce selling than when the crisis first took hold. Indeed, worry over this issue failed to dampen optimism for Asian stocks, as hopes for government stimulus last night helped inflate China-listed stocks.
European benchmarks have opened firmer marginally on Friday’s close, as the FTSE 100 and Xetra Dax attempt to push higher. Dollars have taken an earlier fall against sterling, with cable pushing on to $1.688 after last week’s advance on $1.70. Gold remains to be seen trading in a relatively narrow range, oscillating around the $1,290 level.
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