Spreadex Market Update
Struggling to hold down a rather unpleasant geopolitical breakfast – one that takes in fresh flavours like the worrying situation between China and Hong Kong and Argentina’s peso woes, alongside more familiar tastes like Brexit, the trade war and global growth concerns – Europe opened in the red on Tuesday. One of the few instruments to stomach this problematic porridge was gold. The precious metal climbed 0.7% to strike a fresh 6-year high of $1534, a fact that in and of itself reflects the moods of the markets right now. In contrast, the FTSE ducked 0.3% lower, the same level of losses as seen by the DAX and the CAC. While the European indices chew over the headlines, the pound is fretfully prepping for the UK’s latest jobs report. Against the dollar it dipped 0.2%, keeping it near, if not quite at, its recent 32-month nadir; against the euro, a 0.1% bounce allowed it to avoid the scary 10-year lows the currency found itself at in the early moments of Monday morning. Analysts are expecting a wage growth reading of 3.7%, including bonuses. That’d be a substantial increase on the previous month’s 3.4%, and the highest level in over a decade. It also, realistically, might not mean much to the pound; wages can skyrocket, they’re not going to prevent a no-deal Brexit. Elsewhere, the unemployment rate is set to remain steady at 3.8%, with the claimant change count rising from 38k to 42k.
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