Spreadex Market Update
Volatility picks up
The rumours were short-lived, however, and the market soon picked up enough stock for prices to stabilise. Needless to say, this is a market that doesn’t appear to need a great deal of persuasion to sell. The Dax is only 20 points lower at 7,728.
The FTSE 100 trades flat at 6,180, some 30 points off the lows. Basic materials lose where oil & gas win.
The headline figures anticipated today are core retail sales and existing home sales from the States. And given that the market is clearly a little fragile currently, the bulls will be hoping for a show of strength.
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