Spreadex Market Update
FTSE trades above 6,300
U.S futures meanwhile are trading little changed as investors await President Obama’s State of the Union Address. Significantly, Facebook fell 2.9 percent in pre-market trading after Sanford C. Bernstein & Co cut its recommendation for the share.
For the first time since records began in 1996, inflation has unexpectedly remained steady for a fourth consecutive month in January. Annual consumer price inflation stayed at 2.7 percent last month. There was little respite for consumers it emerged that A let-up in the pressure on the strained budgets of British households may still be some way off. Some economists predict inflation will touch 3 percent in coming months.
Manchester United shares have been steadily rising since the start of the year gaining over 450 points. This is perhaps due to the team’s success on the field combined with the money spinning fixture this Wednesday against Real Madrid in the Champions League, the two biggest football clubs in the world.
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