Spreadex Market Update
Dax continues to trade above the key 10,000 mark
Analysts believe the lacklustre performance is likely to continue today as investors find little reason to buy as these levels. The Dax continues to trade above the key 10,000 mark, trading slightly up following comments from the ECB policy makers implying they are biased towards easing.
Data today is expected to show a slight decrease in the UK unemployment rate to 6.7%, from 6.8% in Mar. Claimant Count Change, the number of people claiming unemployment-related benefits, is expected to come in at -25k, a drop of 0.1k since the last reading.
The yen rose for a fourth day in a row against the euro on continued speculation the Bank of Japan will refrain from expanding stimulus at a meeting later this week. Gold trades towards the highest level in two week; enticing investors after the precious metal hit a fourth-month low.
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