Spreadex Market Update
A post-Fed fall from the Dow Jones saw the US index join its European peers in the red. Initially tumbling 200 points, the Dow managed to trim its losses to 150-ish points as the afternoon went on, leaving it lurking around 26050. A far stronger than forecast PPI reading – coming in at 0.6% against the 0.2% forecast, with the core figure jumping to 0.5% – likely contributed to the index’s decline, as it is more positive data for the Fed to use as justification for its rate hike intentions. Despite that dip, the Dow Jones has had an extremely successful week, holding onto the majority of its post-midterms growth in the face of a fairly bullish Federal Reserve. If the index resumes its November rebound soon, then it could well return to September’s all-time highs before the month is over; not bad given the horrors of October. As for the FTSE, its losses sat around the half a percent mark. And even then, the index can perhaps be thankful its drop wasn’t more severe given the state of its commodity sector. With Brent Crude repeatedly slinking under $70 per barrel – entering bear market territory in the process – BP and Shell fell 2.1% and 1.2% respectively, while a trade war-driven slide from copper caused 4%-plus plunges from BHP Billiton, Anglo American, Antofagasta and Glencore.
It's easy to open an account
MARKET ANALYSIS
RECENT POSTS
Economic Diary
23.04.26
Read More
Financial Trading Blog
Gold Wobbles Ahead of Global PMIs
Daily Market Update
22.04.26 Wednesday Morning
The S&P 500 closed lower on Tuesday as doubts over the Iran ceasefire weighed on sentiment, while the US dollar...
22.04.26
FTSE 100 Under Pressure From Oil Ahead of CPI, Sainsbury's Earnings
21.04.26
DISCLAIMER
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. For professional clients, spread betting and CFD trading can also result in losses larger than your initial stake or deposit.
Spreadex Ltd is authorised and regulated by the Financial Conduct Authority, provides an execution only service and does not provide advice in any way. Nothing within this update should be deemed to constitute the provision of investment advice, recommendations, any other professional advice in any way, or a record of our trading prices. This update does not constitute or form part of an offer of, or solicitation for a transaction in any financial instrument, nor shall it or the fact of its distribution form the basis of, or be relied on in connection with, any contract therefore. Any persons placing trades based on their interpretation of the comments or information within this update does so entirely at their own risk.
No representation, warranty, or undertaking, express or limited, is given as to the accuracy or completeness of the information or opinions contained within this update by Spreadex Ltd or any of its employees and no liability is accepted by such persons for the accuracy or completeness of any such information or opinions. As such, no reliance may be placed for any purpose on the information and opinions contained within this update.
The information contained within this update is the intellectual property of Spreadex Ltd and is protected by UK and International copyright laws. All rights reserved. Users may however freely download, distribute and reproduce extracts of the contents, subject always to accrediting Spreadex Ltd as the source and providing a hyperlink to www.spreadex.com.
FINANCIAL DESK:
08000 526 570
+44 (0)1727 895 151
GENERAL ENQUIRIES:
+44 (0)1727 895 000
Terms and Agreements
Risk Notice
Sitemap
Contact Us
Spreadex Social Media
Mobile Site
Careers