Spreadex Market Update
European bourses are trading in the red
European bourses are trading in the red this afternoon with the FTSE 100 down 47 and Germany’s DAX down 10. Similarly, US futures are pointing towards a negative open this afternoon, set to step back from record high levels as China’s Finance Minister Lou Jiwei has said they are not to make any major changes to its economic policy that is currently in place.
Heading into this afternoon, all eyes will be back on European Central Bank President Mario Draghi who is set to testify on monetary policy before the European Parliament’s Economic and Monetary Committee in Brussels at 14:00BST.
Later this evening, FOMC member William Dudley is expected to speak in New York regarding interest rates; therefore volatility should be expected.
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