Spreadex Market Update
Wednesday, September 16, 2015 - Morning Market Update
Busy data of data with UK jobs and Eurozone inflation figures to come
China and the week’s FOMC meeting remain the focus for the markets, so a sign of improvement in the former (however artificial) and dove-boosting data for the latter has caused investors to have a much more positive outlook this Wednesday morning.
Not that these gains will go untested; the FTSE
is first up, with the month’s jobs data
to come. Wage growth is expected to see a mild increase, from 2.4% to 2.5% (though the figure has missed estimates for the past 2 months), whilst the claimant count change is forecast to decrease by 5.1k against the 4.9k drop announced in August. The unemployment rate, meanwhile, is expected to remain at 5.6% after unexpectedly creeping up from 5.5% in July. In anticipation of these results the FTSE was up by around 30 points, though that increase is lower than its initial 50 point high.
The Eurozone then sees its final inflation figures, expected at a stagnant 0.2% for the third month in a row. Another lower than 0.2% will put extra pressure on the ECB to increase its quantitative easing measures; it will be interesting, then, to see if the Eurozone indices react positively to a lower than forecast figure, with investors potentially salivating at the chance for more stimulus. For now both the DAX
are up round a percent, the former crossing 10300 for the first time in nearly a week.Recent Posts:
Evening Market Comment 15/09/2015
Stock of the day 15/09/2015 - Galliford Try PLC
Afternoon Market Comment 15/09/2015
Morning Market Comment 15/09/2015
Evening Market Comment 14/09/2015
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
Spread betting carries a high level of risk to your capital and can result in losses larger than your initial stake/deposit. It may not be suitable for everyone so please ensure you fully understand the risks involved.
Spreadex Ltd is authorised and regulated by the Financial Conduct Authority, provides an execution only service and does not provide advice in any way. Nothing within this update should be deemed to constitute the provision of investment advice, recommendations, any other professional advice in any way, or a record of our trading prices. This update does not constitute or form part of an offer of, or solicitation for a transaction in any financial instrument, nor shall it or the fact of its distribution form the basis of, or be relied on in connection with, any contract therefore. Any persons placing trades based on their interpretation of the comments or information within this update does so entirely at their own risk.
No representation, warranty, or undertaking, express or limited, is given as to the accuracy or completeness of the information or opinions contained within this update by Spreadex Ltd or any of its employees and no liability is accepted by such persons for the accuracy or completeness of any such information or opinions. As such, no reliance may be placed for any purpose on the information and opinions contained within this update.
The information contained within this update is the intellectual property of Spreadex Ltd and is protected by UK and International copyright laws. All rights reserved. Users may however freely download, distribute and reproduce extracts of the contents, subject always to accrediting Spreadex Ltd as the source and providing a hyperlink to www.spreadex.com