Spreadex Market Update
Global markets have had a relatively choppy day
Global markets have had a relatively choppy day, currently trading flat on the whole. The German Dax has pushed on further towards the close this afternoon, currently up 35 points. The dollar continued to weaken throughout the day with GBP/USD smashing through the $1.7100 level after US pending home sales jump 6.1% in May – the biggest gain since 2010.
Wall Street is currently trading flat as the European markets close and with no other data released tonight, US markets could swing in positive or negative territory.
Investors will be looking ahead to tomorrow session which comes with a packed economic calendar in Asia and European. High important data kicks off with GBP Manufacturing PMI which is set to come in at 56.7 at 09.30, followed by US ISM Manufacturing PMI at 15:00.
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