Spreadex Market Update

Markets drift lower on quiet Friday, UK retail sales growth slows



The markets continued to drift lower, stuck in one of those periods where it’s unclear as to what direction trading will turn.

The FTSE suffered the most pronounced losses of the major markets, dropping another 0.7% to edge closer and closer towards 6000. Its banking sector looked a bit ropey – Natwest was the worst hit, falling 2.6%, with Barclays falling 2%, Lloyds slipping 1.6% and HSBC dropping 1.2%.

Sentiment was hurt by the retail sales reading for August. Though it was still up 0.8% month-on-month as expected, that’s a sharp decline from July’s 3.7% rise, and the mega-surges of June and May. It might also be the last decent retail sales figure for a while – the sector is heading for a difficult winter, with the potential for a return to longer and larger lockdowns.

Over in the Eurozone things were a tad more mixed. The DAX only dipped 0.1%, holding above 13200, but with the CAC slumping half a percent.

Looking ahead to this afternoon and the Dow Jones is keeping its cards close to its chest, the futures forecasting a 0.1% fall. That’d leave the index at around 27860.

SEARCH FOR AN ARTICLE:

Enter a keyword and search for all relevant articles

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...

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

Weekly Technical Analysis

Weekly Technical Analysis

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.