Spreadex Market Update
European indices see tentative gains ahead of UK manufacturing production figures
Whilst the index rose around 15 points after the bell the FTSE couldn’t really muster the same momentum as its European peers this Wednesday. A mixed performance from its commodity sector is causing the index to slightly lag its continental cousins, Brent Crude remaining just under $40 per barrel following the yesterday’s obstinate reaction from Kuwait in regards to a potential oil output cut.
Yet this is still an improvement on the negative trading seen at the start of the week, and could blossom into something more substantial once investors have gotten a gander at the morning’s UK industrial and manufacturing production figures. A constant source of global woe any improvement in the sector will be welcomed, with the former expected to jump to 0.6% from last month’s -1.1% and the latter forecast to see a milder increase from -0.2% to 0.2%.
Interestingly despite the proximity of tomorrow’s ECB meeting, with the market uncertainty over how Mario Draghi interprets ‘whatever it takes’ this time around contributing to the week’s jittery trading, the DAX and CAC have managed to rise by around half a percent this Wednesday. Whether it suggests a significant shift in sentiment is unclear, however, with investors seemingly trying to juggle their expectations of drastic action and the memories of last December’s Draghi disappointment.
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.
