Spreadex Market Update
Asian stocks gained throughout the night
Asian stocks gained throughout the night, following on from the positive day seen in Europe and America whilst geopolitical tensions throughout the world continue to act as a catalyst for movements in global markets. The Aussie Dollar bounced off the back of the inflation figure that was released which shows a 0.5% rise in consumer prices in June.
European markets look set to open slightly softer this morning after yesterday’s gains with the FTSE 100 down 15 points and the German Dax down 10 prior to the open later this morning.
We have a fairly mixed economic calendar for today with the UK kick-starting proceedings as MPC asset purchase votes and official bank rate votes are released at 09.30am. Investors will however be awaiting Bank of England Governor Mark Carney who is set to speak at 12:45pm at the Commonwealth Games Trade & Investment Conference. Carney often causes high levels of volatility in markets as investors attempt to decipher any changes to interest rates.
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