Spreadex Market Update
DAX approaches 10200 ahead of ZEW economic sentiment data
After a sluggish Monday saw the FTSE’s travel and commodity sectors battle it out for domination, only for the index itself to be caught in stasis between the two, it looks like things are set to pick up this Tuesday. Brent Crude bouncing back above $43 per barrel is, of course, a massive help, arguably giving the index a clean slate to work with as the day gets underway. Not that there actually is much to work with, the FTSE having to wait until Wednesday to get any meaty data to chew on, perhaps explaining why the index’s gains are on the mild side, opening around 5 points higher to graze 6360.
The Eurozone, on the other hand, has a few figures sure to draw investor interest this Tuesday. The German ZEW economic sentiment number should to continue to claw its way back from February’s 1.0 16 month low, analysts forecasting 8.2 against last month’s 4.3. The region-wide figure, meanwhile, is also expected to rise, back up to 13.9 from last month’s 10.6 slip-up. Given the relatively positive nature of those numbers it is no wonder the DAX and CAC are in such high spirits, the former jumping 50 points to approach a fresh 3 month high of 10200, with the latter slightly less giddy with a 0.3% increase.
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.
