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Spreadex Market Update

Thursday, August 21, 2014 - Afternoon Market Update
Lee Mumford
Lee _Mumford _100x 100

US futures started their session on a positive footing

European stocks held onto early gains whilst US futures started their session on a positive footing.  European markets soon shrugged of worse than expected manufacturing data on views of last night’s Fed minutes which publicised no shock announcements. This afternoon US jobless claims in the US declined more than forecast, helping positivity. 14,000 fewer Americans applied for unemployment benefits last week, bringing the total figure to 298,000 for the week.

British retail sales grew in July at the slowest annual rate since November last year. An initial growth estimate of 0.4% was not achieved over the last month, adding to signs that Britain’s consumer-led recovery might be starting to slow. After the data, Sterling dipped slightly against the dollar but soon recovered to pre-data levels.

Gold dropped by over $17 of its value, falling to a two month low on speculation of higher US interest rates which helping strengthen the dollar. 

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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