Spreadex Market Update
Eurozone continues to recover after rocky end to last week, FTSE survives latest oil slump
Following a 3 day decline at the start of the month, prompted by Mario Draghi vastly underperforming investors’ QE expectations, the Eurozone indices began to recover slightly last Friday, basking in the market-wide lift the US non-farm number appeared to provide. That recovery seems to have continued into this week, the DAX jumping over 130 points (despite a much worse than forecast German industrial production figure) and the CAC growing by a slightly less impressive, but still respectable, 40 points. Still to come this morning is the region-wide Sentix investor confidence data, analysts anticipating a 4 month high of 17.2 against the previous 15.1, alongside any rumblings out of today’s Eurogroup meeting.
Despite Brent Crude continuing its decline that began (or at least accelerated) with last Friday’s unsurprising OPEC decision to maintain production at its current levels, leading to a rather rouge morning for the index’s oil stocks, the FTSE managed to join the Eurozone in posting a solid 40 point gain as the day got underway. With little on the agenda this Monday the FTSE will likely continue to trade in line with its commodity sector, meaning if the rest of its mining stocks join Anglo American, Antofagasta and BHP Billiton in the red the UK index may struggle to maintain its current gains.
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.
