Spreadex Market Update

Euro markets have opened firmly



European markets have opened firmly this morning, with shares trading in Asia recovering from their lows. The talk in the market is still very much a combination of US rates and Chinese crunching. It seems only Europe is now required for a full house of summer pain and anxiety.

 

In just over a month the FTSE 100 has given back over 10 per cent and looks in danger of testing 6,000 at some point. Basic materials have played a large part in dragging the index lower, as the weakness from China radiates across relative asset classes.

 

Today we turn to core durable goods orders due out at 13.30 from the States for intra-day volatility. The number is expected to show neither an increase nor a decrease in orders.

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