Spreadex Market Update
The Nikkei fell overnight for the first time in three days
The Nikkei fell overnight for the first time in three days as important US economic data released later today led to investors being cautious. Depending on the outcome of today’s economic data release, analysts believe the Nikkei could rebound through the current resistance of 15,000.
Weaker than expected Australian economic data was also released throughout the night which revealed 3700 jobs were lost last month, a 6% unemployment rate. The worst-than-expected data sent the AUD plummeting against its major counterparts.
Global indices are currently trading down, with some major FTSE 100 constituents posting sharp drops in their share price. Tate & Lyle are currently leading the FTSE 100 fallers after the ingredients provider posted a profit warning, leading to the company’s share price falling over 17% during early morning trading. Similarly, Rolls-Royce has dropped over 11% after the engineering group revealed their revenue is set to be flat – the first time in 10 years.
Looking towards the day ahead, investors will be cautiously awaiting the economic data from across the pond with Core Retail Sales, Retail Sales and Unemployment Claims figures due for release at 1.30pm GMT.
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.
