Spreadex Market Update
FTSE rises ahead of crucial Q4 GDP figure, but Brexit fears/China/retail sales could impact growth
Up around 0.6%, the FTSE has continued its rebound this morning, following on from its unlikely surge at the end of trading on Wednesday. The upward movement from Brent Crude has caused a wave of green to overcome the UK index’s crucial oil and mining stocks, in turn allowing the FTSE to flirt seriously with the 6000 mark for the first time in a fortnight.
However, a major spanner in the works could be thrown in if the day’s first look at the UK’s fourth quarter GDP disappoints. Analysts are expecting 0.5%, marginally better than the 0.4% seen back in Q3; yet there is more than a chance that the figure might underperform, with the Chinese slowdown, Brexit fears AND those weaker than hoped for Christmas retail sales all swirling around to potentially take a point or two off the reading.
The Eurozone indices just about matched the FTSE this Thursday morning; well, sort of. The DAX lagged behind, seeing a 0.2% rise, whilst the CAC jumped a more respectable 0.5%. The German index appears to have been impacted by an unexpected fall in the country’s import prices, slipping from -0.2% to -1.2% month-on-month. A better than forecast fall in the Spanish unemployment rate (at a still whopping 20.9% its lowest since the middle of 2011) seems to have countered that German data somewhat, allowing the majority of the region’s indices to post solid gains.
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.
