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Spreadex Market Update

Monday, September 08, 2014 - Morning Market Update
David White


Union separation fears

Dealing desks are witnessing the manifestation of Union separation fears as played out in London-listed equities. The FTSE 100 has been brought down by some 1.2 percent on the potential economic impact from a vote for Scottish independence. Prices currently are a reflection of investors’ defence against unknown consequences for regulation and the body of law that govern economic activity and corporations, not a fully-bound quantification of the monetary impact and its probability of happening. And when investors look to sell risk on such widely known events, the buyers who are happy to disagree are normally happy to do so only against a decent repricing of risk. So, a little volatility is perhaps to be expected.

More broadly speaking, global risk assets are also finding softer ground, as investors and market makers react to a potential change in sentiment from last week’s positive run. The Xetra Dax is down 20 points at 9,730, with the S&P 500 futures trading off by 0.2 percent. Sterling continues to find selling pressure against the dollar, now priced at $1.6122 in the spot market.

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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