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
✖

Investors took in the results from the German election over the weekend

Article By: ,  Financial Analyst
September 23, 2013 12:30 PM

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

The FTSE 100 was down 15 points in early trading this morning alongside most European stock markets as investors took in the results from the German election over the weekend with victory for Angela Merkel on Sunday impacting the dax today settling around all-time highs.

We can see a negative start caused as comments from the Federal Reserve emerge that there could be a stimulus cut back in October, following a late sell off on Friday in the US as President James Bullard confirmed a delay to withdrawing monetary stimulus which was a shock to investors.

On the downside today National grid was the biggest faller in the index dropping 1.85% after UBS cut its rating on the utility company to neutral from buy on valuation grounds and commodity’s also fell, having some high straight sessions in the last 3 months, despite better than expected manufacturing from china.

On the upside fund manager Aberdeen asset management topped the leader board rising 2.5% following its latest trading update, the company said its funds has seen £1.2bn of withdrawals during July and august because on uncertainty over US monetary policy.

So a rather muddled and tentative start today with a lot of data to work with, and a heads up on economic data we will be expecting a talk from president of the European central bank, Mario Draghi at 2pm today.

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