Spreadex Market Update

Markets fearful 



The mood in the market can once again be described as fearful and concerned, as investors have spent most of the day raising cash in line with fragile sentiment. The fiscal cliff dominates.

Global stocks have continued to trend downwards recently, with European indices underperforming earlier today.

But since U.S. markets opened, risk appetite has improved, with the Dow now up 50 points as I write.

Here in London, the 100 most valuable companies by market cap have recovered, too.

Leading the afternoon rally are consumer services and healthcare.

ITV trades 8.6% higher at 94.25p following a positive interim management statement and an upgrade from Numis. Vodafone, however, has been sold given the weak 1H reported on this morning.

Its share price currently holds at 160.95p, down 3.45%.

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