Spreadex Market Update

FTSE manages to stay in the green as the rest of Europe and the US dips



The FTSE is currently up 0.1% but both the DAX and CAC are down 0.75% and 0.59% respectively, as many countries on the continent are battling rising Delta infections and stricter restrictions.

However, Plan B fears are slowly eating into the FTSE’s progression, meaning its likely to only end the day with small gains, if any.

As expected, due to the worries surrounding new rules being imposed in the UK, such as home working and vaccine certification thanks to rising cases, both travel and leisure stocks were among the biggest fallers today.

It was a similar story in the US, as a mixed start currently sees both the DOW (-0.24%) and S&P (-0.12%) in the red.

Although, in general despite perceived volatility recently, the VIX index dropped 20% yesterday, showing that the volatility is easing, and therefore these Omicron fears are also beginning to slowly fade.

Ultimately there has not been any significant news today to massively swing the markets one way or another.

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