CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open account
☰
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open account
✖

Asian markets rise following positive US non farm data and Spanish unemployment figures

Article By: ,  Financial Analyst
February 4, 2013 11:14 AM

The video cannot be shown at the moment. Please try again later.

- Good morning and welcome to the City Index market update. My name is Monika Krawczyk and today is Monday, February 4.

- Firstly, looking at the Asian markets, most indices advanced today. The upward trend was led by non-farm payrolls data from the US that was announced last Friday that indicated some economic improvement for the US.

- The Japanese Nikkei Index was up 0.6% and Hong Kong’s Hang Seng climbed by 0.4%.

- This morning in Europe, Spanish unemployment figures came out better than expected, reflecting the previous month’s change.

- In European indices, the German DAX and French CAC were both down by 0.1%, just after 8am.

- Back to the UK, the FTSE opened down by 0.2% at 6337. The index was topped by Burberry Group, Shire Plc and Randgold Resources. The worst performers were Antofagasta, Meggit and Johnson Matthey.

- Following the headlines this morning, Barclays’ finance director Chris Lucas is to step down from the company but will remain in his role until his successor is announced.

- Elsewhere, according to a Lloyds survey, business confidence has increased in the UK and lending to businesses and households is at its best level since 2010.

- Further, UK construction PMI remained at the previous level of 48.7. The figures came in below expectations.

- Later on today we’re expecting Factory Orders Data from the US at 3pm UK time. Thank you for listening and have a good day.

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFD and Forex Trading are leveraged products and your capital is at risk. They may not be suitable for everyone. Please ensure you fully understand the risks involved by reading our full risk warning.

City Index is a trading name of StoneX Financial Ltd. Head and Registered Office: 1st Floor, Moor House, 120 London Wall, London, EC2Y 5ET. StoneX Financial Ltd is a company registered in England and Wales, number: 05616586. Authorised and regulated by the Financial Conduct Authority. FCA Register Number: 446717.

City Index is a trademark of StoneX Financial Ltd.

The information on this website is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement.

© City Index 2024