Spreadex Market Update
European equities are set to make a stable start
European equities are set to make a stable start to the morning, as we’re calling the FTSE 100 up 9 points to 6,836 and Germany’s Xetra Dax up 18 points to 10,005. Sterling and the euro are a little firmer against the dollar, with sterling outperforming marginally. The Nikkei and China’s Schenzhen have made positive moves, too, up 0.06 percent and 0.21 percent respectively, helped on by news that China’s PMI reading moved higher to 50.8 against 49.7 forecast.
Meanwhile, on the London equity market, investors will turn once again to the Shire story, after more news emerged on Shire’s distaste for being taken out cheaply. Shares closed at 4371p on Friday. Of interest too will be Asos shares. After a dismal near-term performance of late, news broke over the weekend that a warehouse that had been subject to an alleged arson attack had caused the site to temporarily closed.
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