Spreadex Market Update

Euro markets open tentatively



European markets opened tentatively today after data from China showed the economy grew by only 7.7% which fell below the expected 8% reading. Raw materials descended into sell-off territory as investors jittered over whether a slowdown in the world’s largest economy will detriment demand for such materials. In addition, Gold continued to suffer after a downgrade last week as well as reports that a large investment bank had been selling $6 billion worth of Gold. 

Despite uncertainties with China at the moment, it seems investors are still focusing their concerns on Cyprus. Reports have been released indicating that Cyprus will be putting a significant amount of its Gold as collateral towards its financial aid. Thus, it seems investors are troubled with the nation’s ability to meet their financial obligations and the detrimental consequences towards the Gold markets if a default were to occur.

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.