Get our Weekly Trading Update email:

Spreadex Market Update

Tuesday, February 17, 2015 - Afternoon Market Update
Connor Campbell - Market Analyst at Spreadex

Tuesday’s data leads the markets out of Greek mire

After the UK saw its lowest CPI since records began with its January figure, the FTSE spiked near an all-time high, and has continued a strong performance as the day went on. This figure looks more palatable when one removes the duel volatilities of cheap oil and supermarket-dictated cheaper food prices, increasing from 0.3% to 1.4%. Investors decided to take the positive view that a consumer-friendly environment is good for UK growth, despite the fact that the country is becoming increasingly dependent on consumer spending to cover deficiencies elsewhere. On top of this comes the continued success of Brent Crude in holding onto its current $61 per barrel level; in fact, the commodity is now pushing on once more to $62, allowing Premier Oil to build on its recent gains.

Over in the economic nightmare some call the Eurozone, things are looking ever so slightly brighter, as Germany’s ZEW Economic Sentiment hit a 12 month high, whilst the overall figure for the region also beat expectations, allowing the Eurozone indices some breathing room to grow. This was largely due to the benefits of ECB QE, an event that largely appears to have been forgotten in the constant Greek hubbub that has dominated the discourse for the past few weeks.

In regards to the Greek debt issue, the country has maintained this morning that a deal is feasible, whilst reiterating it will not be bullied into submission. In a less caveat filled comment, France’s financial minister Michel Sapin, one of the more positive voices surrounding this saga, stated that there is ‘consensus’ on some issues between Greece and the rest of the Eurozone.

Finally, the US futures are pointing to a solid open for the Dow Jones as it looks to build on last Friday’s impressive gains. Forecasts paint a mixed picture in terms of this afternoon’s American data, but with the US markets set to open in a vaguely more positive climate, the Dow could still see a continuation of its 2015 highs.

Recent Posts:
Stock of the day 17/02/2015 - Virgin American Inc
Morning Market Comment 17/02/2015
Evening Market Comment 16/02/2015
Afternoon Market Comment 16/02/2015
Stock of the day 16/02/2015 - Goodyear Tire & Rubber Co

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?


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