Spreadex Market Update
Brent Crude continues to fall as FTSE and DAX start the day in the red
Falling around half a percent at the open the FTSE is once again suffering under its commodity stocks, Brent Crude’s fall below $39 per barrel (taking it to week lows, and now approaching $38.50) helping kick both oil and mining sectors into the red. Once again there is little for the UK index to work with bar the oil price, meaning it could be an unsteady day for the FTSE if Brent Crude’s losses accelerate like they did yesterday afternoon.
There was a similar situation over in the Eurozone this morning, the DAX and CAC falling by around 0.4% apiece. The French index was prevented from seeing any heavy losses by a better than expected 0.3% for its latest inflation reading; the DAX, meanwhile, was lucky not to see a greater fall given the fact that Volkswagen dropped around 1.5% this morning as it was revealed that investors in Germany have filed a multi-billion dollar lawsuit against the auto-giant.
Now that Draghi has revealed what is in his stimulus box the Eurozone is back out of the spotlight, meaning it will have to leaving it in thrall to the same negative sentiment that has taken hold of the other global indices at the start of this Tuesday as investors await the Fed/BoE double whammy of Wednesday and Thursday.
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.
