Spreadex Market Update
Monday, October 21, 2013 - Afternoon Market Update
Euro headline indices have traded fairly range-bound this morning
European headline indices have traded fairly range-bound during this morning’s session and U.S futures are little changed whilst market participants await fresh direction, possibly in the form of tomorrows delayed non-farm employment data. Moved from the original October 4th date owing to the partial government shutdown, the data tomorrow will probably show employers added 180,000 workers in September, the most since April.
The S&P 500 is trading at record highs after advancing 3.7 percent this month on the back of the congressional agreement on a new federal budget, but with that out of the way, the tapering of the Fed’s $85 billion of monthly bond purchase will be thrust back into the spotlight. Fed Chairman Ben Bernanke’s refusal to reduce the government’s monthly bond purchases has seen the S&P 500 climb some 22 percent this year.
Shares in G4S have led the FTSE 100 higher with the security services company climbing 3.39 percent amid a potential 1 billion pound offer from Charterhouse for G4S’s cash solutions business. The FTSE is now trading higher for the eight straight session with investors demand supported by expectations the Federal Reserve will keep its stimulus in place for the time being following the U.S fiscal standoff.
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.
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