Spreadex Market Update

FTSE 100 and Dax trading marginally softer



European equities are little changed ahead of the open, with the FTSE 100 and Dax trading marginally softer. Yesterday, fears of an escalation of the ongoing geopolitical risks presented by the conflict between Russia and Ukraine saw investors snatch their money out of capital markets, hurting perhaps German equities the most. The Dax, which at one point in yesterday afternoon’s trading, fell by more than one percent, only to reverse the 100-point move to close flat. The dollar moved higher against most pairings in sympathy.

US secretary of state John Kerry upped the rhetoric, warning Russia of making a “grave mistake” if it doesn’t halt provocations in Ukraine. So, Investors are naturally anxious about what consequences follow such a warning if it goes unheeded.

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