Spreadex Market Update
European stocks are tentatively advancing
European stocks are tentatively advancing this morning after what was another pretty good week for risk. The Xetra Dax has once again traded over the 10,000 mark this morning, helping to support confidence. The FTSE 100 is higher too at 6,876, up 18 points.
The mood was indeed supported by news flow from Asia. Japan Q1 output came in higher than expectations at 1.6 percent, and consumer confidence improved to 39.3 from 37. China, meanwhile, reported stronger-than-expected export data.
This morning on the London equity market the winners are Imagination Technologies, Crest Nicholson and Evraz. Evraz, after making a resurgence from the 50p lows earlier in the year, is continuing today, 4.5 percent higher. Lagging today, Barr and Daejan holdings move lower, both down 1.9 percent.
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