Spreadex Market Update
Asian shares rise as spread betters anticipate positive market sentiment
As expected, the positivity has spilling over into European trading this morning with the FTSE 100 looking to open around 13 points stronger after yesterday’s decline.
Looking at the economic calendar, figures will be kick-started at 9am with German Ifo Business Climate figures expected to come in at 108.5. Shortly after this, US Core Durable Goods Order are expected to be released at 0.2%.
Oil prices have come off slightly from their 2015 highs however they are still looking to end the week on a much higher note than the beginning of the week. Due to tensions in the Middle East, investors have seen a substantial rise in oil prices over the past month with Brent Crude for delivery in June currently trading around $65.00, just off its 2015 highs of $65.58.
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