Spreadex Market Update
Investors continue the flight to safe haven assets
Markets were again under pressure Friday morning as investors continued the flight to safe haven assets. Asian stocks were larger negative overnight with the Nikkei and broader MSCI Asia down 2.94% and 1.4% respectively, only Chinese Stocks were spared the rout after better than expected export data for the world’s second largest economy. Elsewhere the Yen hit calendar year highs against the Euro and US treasuries continues to rally, pressuring yields. The focus for traders again shifted towards another conflict zone in the Middle East as President Obama announced late last night that he had authorised air strikes on ISIS forces in Northern Iraq. With Geo-political risks increasing in multiple areas of the world, risk aversion seems to have firmly taken hold.
Elsewhere European stocks are looking set to open weaker Friday morning, with the FTSE and DAX down 0.75% and 1.25%. European policy makers had said Thursday after its policy meeting, that the Ukraine crisis posed serious risks to the economy, this coming after Russia had said it will ban all US food imports and all EU fruit and vegetables as they begin to fight back against Western sanctions.
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.
