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Spreadex Market Update

Monday, March 18, 2013 - Morning Market Update
Lee Mumford
Lee _Mumford _100x 100

Euro equities open lower

European equities are set to open lower amid concern an unprecedented levy on bank deposits in Cyprus will plunge Europe back into crisis. The Euro also declined overnight in Asian markets as Cyprus plan to impose a one-time levy on bank deposits as part of a sovereign bailout deal.


WTI oil fell from the highest price in three weeks on reaction to the Cyprus bailout deal and as Libya shut a crude pipeline due to protests.


Meanwhile Marks & Spencer continued to be in focus as fresh bid speculation emerged on Sunday that a Qatari sovereign wealth fund may pay £8 billion for the high street firm. This comes after M&S reported a year of weak trading and a flat share price. 

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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