There wasn’t too much to the US open, just as there wasn’t too much to the Wednesday session as a whole.
Dropping around 50 points, the Dow Jones continued to reverse its sprightly start to April, pulling back towards 26100 for the first time in over a week. There wasn’t a lot behind the index’s decline, beyond, perhaps, residual annoyance at Trump’s EU-directed trade threats from Tuesday.
The DAX held onto the 0.3% increase posted during the morning, the German index creeping back above 11900 having plunged below 11850 yesterday.
With sterling climbing 0.2% against the dollar and 0.4% against the euro, a switch around from its earlier performance, the FTSE dipped 0.2%. There will likely be more movement overnight, and into Thursday morning, as the EU decision on any Brexit delay – and the UK government’s response – is revealed.
Disclaimer: Spreadex provides an execution only service and the comments above do not constitute (or should not be construed as constituting) investment advice or recommendations, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any person placing trades based on their interpretations of the above comments does so entirely at their own risk. Spreadex Ltd is a financial and sports spread betting and sports fixed odds betting firm, which specialises in the personal service and credit area. Founded in 1999, Spreadex is recognised as one of the longest established spread betting firms in the industry with a strong reputation for its high level of customer service and account management.
In relation to spread betting, Spreadex Ltd is authorised and regulated by the Financial Conduct Authority. Spread betting carries a high level of risk to your capital and can result in losses larger than your initial stake/deposit. It may not be suitable for everyone, so please ensure you fully understand the risks involved.