Spreadex Market Update
Sterling claws back some post-election losses as UK inflation hits fresh 4 year high
"Looking to this afternoon and the US markets are likely going to be caught between anticipation for tomorrow’s potentially rate-hiking Fed meeting, and the tech sector-slide that began last Friday and bled into Monday."
The apparent support Theresa May has inspired from her MPs – let’s see how long that lasts – after her session with the 1922 committee yesterday is also playing its part, allowing the pound to claw back some of its post-election losses. This, in turn, did sap some of the energy from the FTSE, though the UK index is still just about up on the day.
After some serious losses yesterday the Eurozone is back in the green, enjoying both the halting of the euro’s climb and a better than expected region-wide ZEW economic sentiment reading – the German figure was less healthy, slipping to a 3 month low. Not that this bothered the DAX which, alongside the CAC, rose 0.5%.
Looking to this afternoon and the US markets are likely going to be caught between anticipation for tomorrow’s potentially rate-hiking Fed meeting, and the tech sector-slide that began last Friday and bled into Monday. The Dow Jones isn’t too fussed at the moment, the futures promising a 0.1% increase after the bell; another round of losses from Apple and Alphabet, however, may change its mind.
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.
