Spreadex Market Update
FTSE and DAX see (dead cat?) bounce as Eurogroup grants Greece latest €7.5bn tranche
Jumping by 1% the FTSE enjoyed the recovery from its commodity and finance stocks this Friday, with Brent Crude now back approaching $48 per barrel. It seems that the UK index may have found its trading bracket for the next week, with it struggling to push significantly above 6000 but failing to fall too far below 5900. Of course as those pre-referendum fears really ramp up next week that could change, but for now the FTSE appears to be settling into that 100 point range.
The Eurozone saw a similar (dead cat?) bounce this morning, the DAX and CAC rising 1.3% and 1.4% respectively. Unlike the FTSE, however, the region’s indices arguably had something to celebrate, with European Commissioner Pierre Moscovici revealing that yesterday’s Eurogroup meeting had seen the finance ministers sign off on Greece’s latest €7.5 billion tranche of funding just in time for the country’s hefty July loan repayments.
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.
