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Spreadex Market Update

Tuesday, March 17, 2015 - Morning Market Update
Connor Campbell - Market Analyst at Spreadex

DAX pauses on its record rally, FTSE opens strong

The Eurozone remains the big draw at the moment, and another busy morning looks set to continue this trend. ZEW economic sentiments for Germany and the Eurozone as a whole, alongside more inflation figures for the region, will be joined by a meeting between Mario Draghi and Angela Merkel. These two Eurozone powerhouses will be checking in on the state of the region’s currency, and should make for interesting reading as and when details leak out of their discussion.

After its phenomenal run on Monday, it was perhaps too much to ask for the DAX to come out of the gates with the same tenacity as it did yesterday, leaving the German index a bit limp at open. However, the DAX hasn’t been down on its luck for long of late, and a positive set of data from the Eurozone should set the German index back on track.

The FTSE pushed past 6800 in style as it continued to strive to regain last week’s losses. Yesterday the situation in oil left the UK index short of its international peers, but the FTSE has opened ahead of the pack at the opening this Tuesday. Its oil sector started strong this morning after Brent Crude closed at $54 per barrel; however the commodity has already started to slip this morning, meaning stocks like BP, Premier Oil and Tullow Oil may not be in the green for long. Elsewhere Sainsbury’s announced a (mildly) well-received fourth quarter trading statement; despite further like-for-like sales declines, with and without the inclusion of fuel, the news it had reduced prices in 1100 stores gave investors hope for a turnaround for this cornerstone of the Big Four.

Recent posts:
Evening Market Comment 16/03/2015
Afternoon Market Comment 16/03/2015
Stock of the day 16/03/2015 - J Sainsbury PLC
Weekend Paper Roundup 16/03/2015
Morning Market Comment 16/03/2015


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.

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