Spreadex Market Update
European markets bounce back but gloomy BoE Super Thursday still to come
Although it has recovered from its early 1% loss, it still seems that investors are somewhat reticent to do much with the FTSE until after the latest Bank of England growth report has been released. Any signs of a potential rate cut and the state of the revised GDP forecasts will be the two major takeaways from the almost sarcastically titled ‘Super Thursday’, with special attention paid to any Brexit-related comments from MPC head honcho Mark Carney.
Whilst the FTSE clawed its way back to 6170 the Eurozone saw a far more remarkable turnaround, the DAX and CAC now up 0.8% and 0.7% respectively having fallen by as much as 1.2% in the early hours of trading. This rebound has come despite yet another dreadful industrial production figure. Not only did the number far underperform the 0.1% expected by slumping to -0.8%, but last month’s figure was revised to an even more woeful -1.2%.
Having shed around 100 points yesterday evening the Dow Jones is facing another rebuild jobs this Thursday, the futures pointing to an 80 point increase after the bell. The state of the US session will be in part dictated by the jobless claims and import prices data; the former is forecast to remain around 275k, whilst the latter is expected to bounce back to an 11 month high of 0.6%.
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.
