Spreadex Market Update
FTSE edges towards green as flashes of growth appear in commodity sector
With Brent Crude now even closer to falling back below the $37 per barrel mark (only needing to drop around 10 cents to break that barrier with the US crude inventories still to come) the FTSE had a battle on its hands this morning. Yet it has managed to shrink its losses from around 20 to 5 points, the normally hefty weight of its commodity sector lightened by flashes of growth from Anglo American, Antofagasta and Premier Oil. The index still has to deal with a sliding supermarket sector, however, with Ocado Group dropping another 5% after yesterday’s announcement from Amazon that the online giant would be expanding its UK grocery delivery service Pantry.
The Eurozone was a bit more mixed this Wednesday; the DAX remained in the dog house, lingering in the red by around 25 points, whilst the CAC saw a bit of a comeback, leading the European indices this Wednesday with a near 20 point increase.
Things look unlikely to improve during the American session this afternoon. The Dow Jones is currently on track for a 20 point drop when the bell rings on Wall Street, with only pending home sales (expected at 0.6% against 0.2% last month) to distract investors from the generally gloomy atmosphere.
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.
