Spreadex Market Update
Ebola scares in the US have rocked the markets
Ebola scares in the US have rocked the markets as the DAX and FTSE are down 50 points and 28 points respectively. The Dow is looking to open down after US equities have had the best week of the year to date with positive earnings reports from the likes of Caterpillar and Apple. New York City is unsteadied by the news of the deadly virus spreading, putting a stop to the recent rise and consequently looking at an open of around 16670.
Brent Crude oil has been struggling to hold on to any trend as the bulls and bear having been jumping in out over varying news. Brent seems to be on the slide mid-week but with news that Saudi Arabia, the world’s largest oil exporter announced they would reduce production by 9.36 million barrels per day. Moreover the decrease in supply had led to Brent trading at a weekly high of around $86.75 but as the recent news subsides oil has crept back to about $85.5 per barrel.
USD/JPY saw a two week high breached today trading over the 108 mark but this is the only appreciation the dollar is seeing against major currencies as the GBP and EUR begin to regain some of the losses incurred over the past week’s trading. This afternoon cable is trading up 24 points at 1.6054 and EUR/USD up to 1.2660 having fallen off its 1.280 mark at the start of the week.
News to look out for this afternoon revolves around corporate earnings once again as the Dow hopes to bounce back.
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.
