Spreadex Market Update

Euro equity markets slide back 



After opening firmly, European equity markets have slid back to yesterday's close. The FTSE 100 is currently trading unchanged at 6,590, with basic materials and tech leading where health care underperforms. Investors are expecting a relatively quiet session ahead of the weekend given the lack of macroeconomic data. Volume is expected to be light.

News flow this morning comes by way of BG Group (BG) and BSKYB (BSY), reporting Q2 results and full-year results respectively. Both sets of results have been interpreted by the market as coming in as broadly in line with expectations. BSY is trading a little softer at 836p, down 1.59%, illustrating the recent rise in the share price as a fair reflection of the company's stable results.

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