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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.
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FTSE starts higher in line with European bourses

Article By: ,  Senior Market Analyst
June 4, 2018 6:07 AM

The FTSE started the week up 0.4% and Europe’s bourses were also higher across the board as Italian and Spanish stocks led the recovery after resolving some portion of their political problems late last week. In Spain, the vote of no confidence in the Prime Minister helped markets recover on Friday.

US China trade friction rekindles

The friction over a possible trade war between the US and China rekindled as the two countries moved closer to imposing tariffs on one another over the weekend. High level negotiators made almost no progress which could result in China reneging on its recent commitment to work on rebalancing the trade deficit with the US and block imports of farm and other products from the US. The White House now plans to impose tariffs on $50 billion in Chinese goods.

Strong US job data supports stock

Fears that the effect of the trade rift between the US and China could end up slowing down global economic growth were dampened by the strong jobs data offset in the US released Friday. The number of US jobseekers fell to an 18-year low in May.  

In the currency markets the euro was slightly firmer against the dollar at 1.1697, trading up 0.32% while the pound was almost flat at $1.13358.

Construction PMI expected to show easing

The UK Construction Purchasing Managers’ Index due out later today is expected to show an easing off in April to 52 from 52.5 in March, continuing the seesaw action seen since the beginning of the year.


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