Spreadex Market Update
FTSE and DAX rebound following Thursday’s oil and ECB-inspired plunges
Effectively wiping the slate clean after its last minute collapse on Thursday evening the FTSE surged 1.5% this morning, lifted by a recovery from Brent Crude that sees the commodity back nearing its recent highs after plunging past the $40 mark following yesterday’s breakdown in talks between OPEC and non-OPEC members. That left the oil and mining stocks in a healthy shade of green, the usual 2016 pre-requisite for the FTSE posting any growth. Still to come are the UK trade deficit figures, expected to widen to £10.3 billion from last month’s £9.9 billion, something that could slightly knock the FTSE’s morning confidence as the day goes on.
Much like the FTSE the Eurozone indices had a disastrous end to Thursday; investors fled the region after Draghi stabbed his own stimulus package in the back by suggesting that there is no more room to cut the benchmark interest rate, leaving many to question what the ECB has left in its arsenal if this round of measures doesn’t work. Friday morning, however, has seen something of a rebound; the DAX and CAC both rose around 1.7% after the bell, with investors seemingly reassessing their previously schizophrenic reaction to the ECB announcement.
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.
