Spreadex Market Update
Quiet Thanksgiving Thursday sees markets continue Wednesday’s gains
After George Osborne’s Autumn Statement helped the FTSE to some solid housing sector-inspired gains yesterday the UK index will be aiming to continue its crawl back to the 6400 mark this morning. Currently up by around 20 points the FTSE, which sees no notable data this Thursday, will be reliant on the performance of its commodity stocks. For the moment, at least, things are looking better than normal; a near 2.5% rebound from copper has lifted the mining sector which, led by Anglo American, had threatened to spoil the index’s gains on Wednesday. Now they just need to remain in the green for the rest of the day…
Following some astonishing gains yesterday afternoon the DAX has continued to rally this morning, jumping another 65 points to hit a fresh 15 week high. The CAC is slightly more reserved, rising by around 10 points to cross the 4900 mark it abandoned last week. Still to come is the Eurozone’s M3 money supply figure, expected to remain at 4.9% for the 2nd month in a row, and the Gfk German consumer climate number, forecast to fall from 9.4 to 9.2.
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.
