Spreadex Market Update
Setting aside worries of the spread of the ‘Indian’ covid variant, and what that will mean for the intended end of lockdown on June 21st, the FTSE enjoyed the sunshine as the month got underway. Climbing 0.7% after the bell, the UK index benefited from a strong performance from its miners and, after news of surging house prices thanks to the stamp duty holiday rush, some nice gains from the likes of Barratt Developments and Persimmon. The FTSE is now trading just short of 7,080; finish the day at that price, and it would be its best close in over a fortnight. However, it spiked above 7,050 multiple times in the final week or so of May, but was unable to build any sense of momentum, wilting at the closing bell each day. If it can avoid the same fate this afternoon, the FTSE could find itself turning a corner. The DAX was even stronger this Tuesday, rising 160 points – or 1.1% – to sit withing 20 points of 15,600. The German bourse only needs to squeeze a bit more juice out of investors to re-hit the all-time highs struck last week. The CAC was also riding high, its near half a percent increase pushing it to a recent peak a fraction below 6,480. Against a backdrop of the lowest covid rates in a year in the States, the Dow Jones is set to return from Memorial Day with a 200-point-plus increase, one that would leave it at its best price since May 11th, and only 320 points from its 36,000 all-time high.
It's easy to open an account
MARKET ANALYSIS
RECENT POSTS
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...
Economic Diary
22.04.26
FTSE 100 Under Pressure From Oil Ahead of CPI, Sainsbury's Earnings
21.04.26
Weekly Technical Analysis
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