Spreadex Market Update
FTSE and Dow Jones test patience of bored investors, while pound maintains post-retail sales surge
Failing to budge after the bell the Dow Jones was arguably the dullest index this Thursday. Hovering around 30 points below 18600, the Dow failed to do much with the 2 pieces of data at its disposal this afternoon, though to be fair to the index neither were particularly interesting. The Philly Fed manufacturing index came in slightly higher than expected at 2.0 (against -2.9 last month), while the jobless claims reading arrived at 262k, cementing the 76th week of consecutive sub-300k figures.
The FTSE followed the Dow’s lead as the day went on, abandoning its meagre gains to lay flat at 6860; the CAC was similarly uninspired, with only the DAX posting any real growth, the German index rising by just shy of half a percent.
As was the case this morning the only real site of movement this Thursday was over on the forex desk, with the pound receiving a big boost in the form of the UK’s surprisingly strong retail sales. Interestingly that figure was in part so high thanks to sterling’s slump drawing holiday-goers from abroad while convincing Brits to stay at home, meaning its somewhat perverse that the pound has gained so much traction from its own demise.
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.
