Spreadex Market Update

Markets fall over growing concerns of Omicron variant



The FTSE opened in the green this morning as investors had their eyes fixed on meetings of the central banks around the globe occurring throughout the week.

However, most markets have now taken a large fall thanks to the gloom surrounding the spread of the Omicron variant increasing.

The FTSE 100 is currently -0.81%, CAC similar, but the DAX is managing to just keep its head above water.

The UK government have already announced Plan B, which reinstated some restrictions such as mandatory wearing of masks in most indoor venues.

But thanks to the rising number of cases and reports of a ‘tidal wave’ in January, many are fearing further restrictions will be imposed, especially now Boris confirmed the first death in the UK resulting from the new variant.

As expected, IAG are one of the biggest losers today, as they are down over 5% currently.

US markets traded slightly lower on open today, as investors look forward to the Fed monetary policy decision later this week.

This decision has taken on even more significance than it would normally, as many are trying to predict how policymakers will react to the growing inflation in response to the possible fresh wave of covid cases, after the discovery of the new variant.

SEARCH FOR AN ARTICLE:

Enter a keyword and search for all relevant articles

MARKET ANALYSIS

RECENT POSTS

Weekly Trading Update

Trading Week Ahead

Read More

Financial Trading Blog

Yen Resumes Weakening Despite BOJ Intervention

Read More

Daily Market Update

10.05.24 Friday Morning

Equities The FTSE 100 continued its ascent, reaching record highs for a fourth consecutive session after the Bank of...

Read More

Economic Diary

10.05.24

Read More

Financial Trading Blog

UK Bank Stocks Surge Double Digits

Read More

Daily Market Update

09.05.24 Thursday Morning

Equities The FTSE 100 hit a new record high, climbing 0.5% to close at 20,491.99 points. This uplift in the UK's...

Read More

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.