Spreadex Market Update
Investors wary ahead of latest UK inflation data
With oil prices remaining at their current lows, and supermarkets’ slashing prices left right and centre in order to re-establish their market share, the UK’s inflation has been slipping in the past few months. Whilst this has been held up by the Conservatives as a sign that money is going directly into the public’s pockets, certain members of the Bank of England have already expressed concern about the potential for a protracted period of negative inflation. It will be interesting to see how the market reacts to the inflation figure, be it positive or negative, and whether they are more invested in the easing financial situation for consumers or the increasingly distant 2% BoE inflation target that would likely bring with it a rate hike.
Despite worries its potential takeover of rival 99p Stores may dissipate due to an investigation by the CMA, and the sustained declines this has brought for Poundland since the start of April, this morning saw the bargain chain announce its sales had passed the £1 billion mark for the first time in its history. Unsurprisingly, investors decided to give Poundland a slight respite from its recent slide, leading the stock to around 1% in gains after the bell.
The Eurozone’s economic calendar continues to look a bit thin on the ground this Tuesday, with only region-wide industrial production data later this morning to tide investors over until the ECB meeting on Wednesday. The DAX has continued the Greece-inspired declines it saw yesterday, with the rest of the region following suit to endure a rather unimpressive open to Tuesday.
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.
