Spreadex Market Update
22.04.14 Tuesday Morning
Japanese equities have been put under a little pressure at this early stage in the week, erasing gains in trading. The dollar caught a bid in sympathy of improving prospects for the US economy. The market continues to react sharply to US economic numbers. And investors will scrutinise Chinese manufacturing tomorrow. Supportive earnings news flow yesterday saw the S&P 500 once again a hare’s breadth away from its all-time highs.
Trading will resume today in European markets after the Easter break. We’re calling the FTSE 100 up some 25 points ahead of the open at 6,651. One to watch on the open of the London market is AstraZeneca; the global drug maker was caught up in bid talk by US mega-cap Pfizer Inc. over the weekend. ADRs in AZN were trading at a significant premium in Ney York last night, closing up by more than 5 percent.
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