Spreadex Market Update
Thursday, March 20, 2014 - Morning Market Update
Global markets saw significant intraday moves yesterday
Global markets saw significant intraday moves yesterday evening as Janet Yellen spoke out regarding the Fed’s huge asset purchasing programme. The fed are continuing to taper down the programme by $10bn, a move which was largely forecasted by markets yet an overreaction caused a dramatic sell off with the Dow Jones dropping 200 points. Their asset purchasing programme now stands at $55bn per month.
George Osborne shook insurance stocks yesterday during his 2014 budget with £3bn being wiped off the value of insurance firms. Resolution Ltd, Legal & General Group, Aviva and Just Retirement all fell sharply as Osborne spoke about pension reforms. The budget also sent the value of bookmakers to drop as taxes were raised on gambling machines to 25%.
American unemployment claims, existing home sales and the Philly Fed Manufacturing index are all released this afternoon.
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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