Spreadex Market Update
FTSE falls back below 6200 for umpteenth time this month; DAX grazes 3 month high of 10100
Although Brent Crude has spent the morning grazing $41.50 per barrel (with the US oil inventories set to arrive this afternoon) the markets have seemingly become numbed to this new-norm, leaving both the oil and mining stocks in the red (the latter also hurt by the minor-slip seen from copper). A rebound from the UK tourism stocks following yesterday’s horrific events in Belgium, and the continued gains from Kingfisher (despite its middling full year report) are preventing the FTSE from slipping too far below 6200, though there has been little impetus for investors to push the index any higher.
The Eurozone gains were far more robust this Wednesday; well, they were in Germany, the DAX jumping 120 points, touching the 10100 for the first time since mid-January. The CAC, however, was understandably more subdued, falling around 10 points as the country’s investors continue to process Tuesday’s terror attacks. There is little on the agenda in the Eurozone this afternoon, a speech from Bundesbank president, and noted ECB critic, Jens Weidmann the only thing of note.
Looking fairly flaccid the Dow futures are promising a mild 10-15 point increase at the open this afternoon, with only new home sales (expected to rise from 494k to 512k) on the cards. This still leaves the US index tantalising close to fresh 2016 highs, the slightest shift in sentiment potentially seeing it reach the 17650 peak reached on Monday.
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.
