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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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Markets await key rate decisions and the eagerly anticipated ECB press conference

Article By: ,  Financial Analyst
September 6, 2012 11:01 AM

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- With European markets starting September in a quiet manner, today is expected to change all of that with volatility and volume likely to return.

- With the BoE rate decision at 12 noon unlikely to provide any changes, traders will instead be concentrating on the asset-purchasing scheme with an additional £50billion expected to be authorised.

- However significant this is, the main attention will undoubtedly be on Europe, the ECB and Mario Draghi.

- At 12.45pm we have their rate decision, with a 25-basis-point cut widely anticipated while at 1.30pm we will have Mario Draghi’s long awaited press conference.

- With all of this to come later on, not to mention the weekly jobs figures from the US at 1.30pm as well, the market is looking quite strong.

- The FTSE 100 is 0.6% higher at 5692, while the German DAX is 0.8% higher at 7020. Dow futures are also looking positive, up close to 0.5%

- Leading the UK equities this morning we see Whitbread after like-for-like sales rose 4.2%, prompting Panmure to raise its price target on the stock – the company is currently 5.5% higher.

- Morrisons is also stronger after posting results towards the top end of analysts’ expectations – trading 4.5% higher.

- Propping up the FTSE we see Admiral, down 1.6%, with the stock still struggling after recent broker downgrades.

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