Spreadex Market Update

US futures are indicating a relatively flat open



US futures are indicating a relatively flat open this afternoon as investors await important retail sales figures which are to be released ahead of the open. Alongside the retail sales, US unemployment claims are also to be released, estimated to come in at 306k.

With escalating tensions in Iraq, stocks seem to be shrugging off any worries however oil prices have rocketed to a three-month high as violence increases. Brent crude prices are currently up over $2 at around $112.20 a barrel.

As the FIFA 2014 World Cup becomes underway today, shares in ITV have topped the FTSE 100 by climbing 2.8% as they have the commercial rights to broadcast the games. 

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