Spreadex Market Update
The markets couldn’t shake their trade war fears as lunchtime approached, the boards a sea of red as investors fret over Donald Trump’s latest bout of sabre-rattling. The FTSE continued to chug along with a 100 points decline, that fall sporadically taking it the wrong side of 7600. The index’s commodity sector is really getting a hammering; BP and Shell fell 2.4% and 1.8% respectively, while miners like Anglo American, BHP Billiton and Rio Tinto slumped anywhere between 3% and 4%. The Eurozone indices were similarly shoddy; the DAX dropped nearly 170 points, keeping it below 12450, with the CAC slipping 1.2%. The dollar managed to sneak ahead as the session’s main beneficiary, indulging in its safe haven status. Against the pound it nudged 0.2% higher, forcing cable back to $1.324, while against the euro it was up 0.3%. It couldn’t get a leg up over the yen, however, with the greenback dipping 0.1%. The tone of the rest of the day is likely doing to be dictated by what the US markets do after the bell rings on Wall Street. The Dow Jones is looking at a 180 point drop when things get underway stateside, a move that would see the index just about keep its ahead above 24700.
It's easy to open an account
MARKET ANALYSIS
RECENT POSTS
Financial Trading Blog
FTSE 100 Under Pressure From Oil Ahead of CPI, Sainsbury's Earnings
Read More
Economic Diary
21.04.26
Weekly Technical Analysis
Nasdaq At Record Highs Ahead of Tesla, Intel Earnings
Daily Market Update
20.04.26 Monday Morning
The S&P 500 edged lower in thin trading after record highs as investors weighed renewed US-Iran tensions and...
20.04.26
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