Spreadex Market Update
Limp, whimpering finish to 2015 as investors end year with collective sigh
The FTSE remained down by round 20 points, something that, bar some miraculous surge before the end of the day, leaves the index down by around 5% on the year. That’s quite a spectacular fizzle out from the UK index, especially considering that it was at all-time highs back in April.
The US open looks unlikely to bring any New Year cheer either, with the Dow Jones currently looking at a meagre 10 point rise when the bell rings on Wall Street, something that still leaves it down around 1% across the past 12 months. Still to come, however, are the usual Thursday jobless claims (expected at 274k against last week’s 267k) alongside the final Chicago PMI of the year (forecast at 50.4 against last month’s 48.7).
And that’s it. After a year that began so promisingly the markets are wrapping up 2015 in the limpest way possible, a collective sigh instead of any attempt at New Year’s Eve fireworks.
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