Spreadex Market Update
Stocks lower after snap election called
Shares in Britain have fallen today in the wake of Prime Minister May’s call for an early election, announced this morning. The FTSE 100 index is down over 150 points, or 2% on the day as investors voice their concern over the decision.
"The European STOXX 600 was down 0.8% at last count; the first round of French elections this weekend certainly being at the forefront of investors’ minds."
It’s a similar story in the States as well with all three major indices opening lower. The brunt of this was caused by poor quarterly results from corporate heavyweights Goldman Sachs and Johnson & Johnson.
The former declined by 3.5% with the latter shifting downwards by 2.6%. Adding to this downbeat sentiment there was a warning from US Treasury Secretary Steven Mnuchin. He cautioned that US tax reforms could be delayed following setbacks in negotiations with Congress over healthcare. The healthcare sector as a whole is down 0.83%.
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.
