Spreadex Market Update
Asian shares were slightly lower
Asian shares were slightly lower on Tuesday with the Nikkei falling 0.5% following on from the negative session seen in America as Indexes take a step back from the record highs that continue to be smashed. Investors are also becoming slightly cautious this week as they prepare for the reporting season.
Taking the headlines this morning is Samsung who have unexpectedly come out with weak quarterly earnings guidance. The announcement means the smartphone leader are to report its worst results in two years whilst also reporting a 24.5% drop in profits.
Looking ahead to today’s trading session, both the FTSE 100 and the German Dax are set to open slightly stronger after yesterday’s bearish day. The only notable piece of data out is GBP Manufacturing Production at 09.30, set to come in at 0.4%.
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