Spreadex Market Update
Meek open from FTSE as investors left with little to work with this Monday morning
With the vague committal from the countries at the latest G20 summit to use ‘all policy tools’ to lift growth post-Brexit there wasn’t much for investors to work with this morning, leading to a rather drab open for the European indices. The FTSE is holding above 6700, trading around 30 points above that landmark level but showing little sign that it is going to widen those gains any time soon. The pound, meanwhile, took around 0.3% back off both the dollar and the euro, though that still leaves sterling below those key 1.32 and 1.20 levels respectively.
Sentiment was slightly better over in the Eurozone, despite the multiple tragedies Germany endured this weekend. The DAX rose 0.3% to edge towards 10200, while the CAC jumped just shy of half a percent, hovering around the 4400 mark. Still to come is the German Ifo business climate reading, which is unexpectedly set to slip further into negative territory to -6 from last month’s -2 (though that would be an improvement in where it has been for much of 2016).
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.
