Spreadex Market Update
Equities suffer from mild correction
European equities this morning are suffering from a mild correction to risk appetite. The FTSE 100 and Xetra Dax are both down by more than 0.2 percent, after geopolitical tensions in the Middle East temper the desire to own risk. The move mainly happened last night, with the Dow Jones Industrial Average and S&P 500 moving lower into the close. Surprisingly, perhaps, gold and Brent crude oil are lower this morning, losing a little momentum into today’s session.
Northgate and Xaar Plc lead the FTSE 350 this morning, both up by more than 3 percent at this stage. Northgate reported a pre-tax profit of GBP 51.2M, compared with a loss of GBP 11.4M a year earlier. Shares are exchanging for over 520p.
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