Spreadex Market Update
UK GDP in focus as Apple impresses and BP does better than expected
Despite last quarter’s figure being revised up to 0.6% from the initial 0.5%, this is still a steady downward slide from the 0.9% highs of last October. Forecasts are suggesting a return to a limp 0.5% for the first 3 months of 2015; not great news for a Conservative party whose election trump card has so far been the recovering economy. Unsurprisingly, these dour predictions led to a flat-to-negative open for the FTSE as investors wait and see what the GDP figure actually is.
BP fired the first oil earnings shot this morning as it revealed its Q1 2015 figures. A substantial decline to profits of $2.13 billion from $3.5 billion this time last year would cause stomach-flips for even the sternest of investors; however, this fall is far better than the $1.3 billion in profits that had been floated ahead of the release, allowing BP to post mild gains after the bell. This news will have also given hope to Shell that things may not be as bad as it first thought when it announces its own results on Thursday.
A reshuffling of the Greek negotiating team, i.e. the assassination of Yanis Varoufakis’ role in the debt-deal talks, helped the Eurozone indices to a strong close last night. Things were slightly flatter in the region this morning, as investors remain pleased with this progress but still painfully aware that a solution remains elusive, despite Tsipras’ claims that an initial deal is ‘close’.
Apple beat expectations on a surge in iPhone sales especially, and importantly, in China, where the company’s revenues grew by 71% to $16.82 billion. This meant iPhone sales reached 61.2 million compared to 43.7 million as this point last year; however, as has become somewhat of a trend, the iPad continues to suffer due to the increasing prevalence of super-thin laptops and super-large mobile phones.
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.
