Spreadex Market Update
Global equities continue to inflate
Global equities continue to inflate ahead of the minutes later this evening, as the FTSE 100 trades almost 1 percent higher. This move represents a reversal to the recent theme of underperformance by the London blue chip index. The Dow Jones Industrial Average, however, is taking pause after its stellar run yesterday. After breaking once again through the 17,000 level, the market is taking its time to make its next move. And the extended weakness in gold is likely to continue to be supportive to risk assets in the near-term.
On the losers’ list again on London’s main market is fashion company SuperGroup, down 4 percent on the session. Volume has been picking up lately as a slide in its price ensues. Topping the winners’ board at the close is Intertek Group and IP Group, both up by more than 4 percent a piece.
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