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Spreadex Market Update

Wednesday, May 01, 2013 - Morning Market Update
Lee Mumford
Lee _Mumford _100x 100

Asian stocks remain lower overnight

Despite a positive session in the US yesterday evening, Asian stocks remained lower overnight, declining from the highest level since June 2008. Japanese shares weighed as the Yen strengthened with data signalling a slowdown in global business activity. Meanwhile the FTSE is indicating a slightly higher open although trade is expected to remain light with most major European indices closed for a public holiday. 

A two-day meeting from the Federal Reserve is set to conclude today with many expecting they will consider maintaining their bond-buying program. Many investors will have a close eye on the federal minutes when they are released at 7:00pm later tonight.

A report showed that stocks beat bonds, the dollar and commodities for a second month in April after investors bet equities will benefit from unprecedented economic stimulus.

WTI crude fell for a second day after OPEC’s production increased to a five-month high. Government figures today are projected to show a gain of 1.1 million barrels according to a survey.

The Trading Day and Week Ahead

For further information on the trading day ahead, take a look at our Financial Diary, which previews all the Economic Data due out to today and projected or previous figures.

Our Financial Diary is updated in real time as the figures are released throughout the day.

If you are unsure what different Economic Figures mean take a look at our Economic Indicators Explained guide.

For a look at the trading week ahead our Financial Diary also lists all the companies due to submit trading updates this week. Each Friday, our diary will preview the forthcoming week's economic indicators and company reports schedule.

For market trends and analysis, don't forget our charts have automatically generated support and resistance trend lines helping aid your financial spread betting with technical analysis. For more help on using our charts, view our Guide to Trading with Charts?


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