Spreadex Market Update

Europe more than halves losses despite ugly drop from Dow Jones



Though the Dow Jones opened sharply lower, in a rare sight the European indices didn’t double down on their own losses, instead cutting the morning session’s slump in half.

The Dow quickly shed 6% once the bell rang on Wall Street, taking the same comfort from the Fed rate cut/quantitative easing programme as its peers across the pond – i.e. none at all. This 1400 point plunge left the US index at 21700, above the sub-202350 lows struck briefly after the open.

Finding a smidge more confidence that was seen at that start of the day, the FTSE managed to claw its way back to 5150 – now small feat given that at one point it was trading under 4850 for the first time in 8 and a half years.

This sort of-recovery was echoed in the Eurozone. The DAX was down 2.4%, a colossal improvement on its 7.8% lunchtime dive, while the CAC underwent a similar turnaround, reducing its losses from 9.3% to 3.4%.

Now Europe just has to cling onto those levels until closing time. As for the Dow Jones, it tends to save its big moves for a bit later on – even at its current 6%-plus decline, precedent would suggest that a rally isn’t out of the question. Where the news to prompt such a swing would come from, however, is another matter entirely...

SEARCH FOR AN ARTICLE:

Enter a keyword and search for all relevant articles

MARKET ANALYSIS

RECENT POSTS

Economic Diary

23.04.26

Read More

Financial Trading Blog

Gold Wobbles Ahead of Global PMIs

Read More

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...

Read More

Economic Diary

22.04.26

Read More

Financial Trading Blog

FTSE 100 Under Pressure From Oil Ahead of CPI, Sainsbury's Earnings

Read More

Economic Diary

21.04.26

Read More

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.