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.
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.

Markets flat as investors await release of US jobs data and FOMC announcement

Article By: ,  Financial Analyst

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- There was little movement in the indices markets this morning as investors anticipated the release of economic data later in the week, with a focus on the non-farm employment change on Friday.

- The FTSE closed yesterday at a four-and-a-half year high at 6340, having now increased by 7.5% in January alone. The Dow is continuing its recent bullish trend, and is edging closer to the 14000 mark, now just 30 points away at 13970.

- GBP is at its lowest level against the euro in over a year, trading today at 1.1645. It has come under pressure since there have been concerns expressed over the health of the UK economy.

- In equities, Imperial Tobacco was down 4% in early trading after issuing a profit warning due to increasing pressure from black market sales. WPP and RSA Insurance Group were the FTSE’s strongest performers.

- Keep an eye out for the estimation of the non-farm employment change at 1.15pm today, followed by the Federal Reserve meeting conclusion at 7.15pm GMT this evening.

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