Spreadex Market Update
Nervy trading returns following latest developments in France and Germany
With news of bomb threats in Hannover forcing the cancellation of the planned Germany/Netherlands friendly last night, and a raid in St-Denis that only now appears to be ending, investors seemed unwilling to take on any risk as Wednesday got underway. Not that there has been any great abandonment of the levels hit in Tuesday’s super-charged trading, but instead a cautiousness that is preventing the European indices from posting any gains.
Down by around 10 points the FTSE was the best performing index after the bell, aided by an oil sector-lifting rebound from Brent Crude (which crawled back above $44 per barrel) and a mixed (which is almost the best the index can hope for) open from its mining stocks. Stock-wise UK Mail Group sat atop the losers pile this morning; falling by nearly 11% to a near 3 year low of £3.25 investors fled the company as it posted a 56% plunge in half-year pre-tax profits.
Understandably the Eurozone indices struggled more than the FTSE this morning; with both Germany and France affected by the continuing aftermath of last Friday’s tragedy the DAX and CAC fell by 50 and 40 points respectively.
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.
