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Spreadex Market Update

Friday, March 14, 2014 - Afternoon Market Update
Lee _Mumford _100x 100

European markets continued to decline

European markets continued to decline, with the FTSE 100 heading for its worst week of losses since June. Markets remained tentative ahead of a referendum in Crimea on whether to leave Ukraine to join Russia.  Wall Street futures are indicating a 40 point lower open as investors refuge from risk on concern the situation in Ukraine is escalating. Clashes in eastern Ukraine late yesterday saw the death of one person whilst US Secretary of State John Kerry and Russian Foreign minister Sergei Lavroc met in London today.

The US Bureau of Labour statistics have said US core PPI fell to a seasonally adjusted -0.2% from +0.2% in the preceding month. Expectations were for a positive 0.1%, therefore falling slightly short. Prelim UoM Consumer Sentiment is expected at 13:55, forecasting a higher figure since last month. The survey of 500 consumers who rate the relative level of current and future economic conditions is predicting a figure of 81.9, up 0.7 from February’s number.

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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