Spreadex Market Update
Quiet morning leaves market status quo intact
The FTSE has spent the morning slipping away from the promising intraday highs it surged to just after the bell. The UK hasn’t been helped by losses for Premier Oil and BP, whilst Vedanta Resources suffered as it cut its full year capital expenditure for both 2015 and 2016 due, of course, to the low oil prices. Balancing these losses is CRH as the company’s asset-purchases from Lafarge and Holcim slowly become more fully-formed, whilst investors remain supportive of TSB Banking’s takeover news.
As its politicians continue to be dragged into the Sisyphean nightmare that is Greek finance, the Eurozone held onto the gains it saw at opening time. The DAX, whilst not exactly resuming the record-push it underwent on Monday, posted steady growth as the day continued, once more crossing the 12000 level that it reached for the first time at the start of the week. With the EU summit unlikely to provide a substantial platform for any rallies in the region, the Eurozone will likely have to maintain its current gains on little more than leftover ECB QE goodwill.
The US futures remain strong, with the Dow Jones still lingering around 18000, largely due to a low-key morning from the fear-inspiring dollar. Yet like in the UK and the Eurozone, there is a woeful lack of US data this to look forward to this afternoon. A spark of life may be provided by FOMC comments from members Lockhart and Evans, but given they aren’t likely to diverge too much from Yellen’s mid-week statement the US markets may be left as wanting as their European cousins.
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.
