Spreadex Market Update
The energy sector has taken a hit today
The energy sector has taken a hit today after energy secretary Ed Davey asked Ofgem to investigate the gas profits that have been reported by the 'big six'. Shares in Centrica, owner of British Gas, fell over 3% today after the letter to Ofgem Chief Executive Andrew Wright was revealed to the public - leading the FTSE 100 fallers.
With small amounts of economic data released today, the markets are set to be relatively quiet, however this is to be short lived. Global investors are eagerly awaiting the hotly anticipated speech by Federal Reserve chief Janet Yellen tomorrow to see if they can find any signs that the Fed are to raise it's main near 0% interest rate in the near future. Markets are expected to be quite jumpy as she testifies to the House Financial Services Committee as her words will influence investors' decisions and could potential cause a frenzy in global markets.
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