Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
DAX/ FTSE divergence continues as DAX lifts further above 16k
Earlier this morning it was noted here; that the FTSE 100 was still struggling for traction and since the opening that has been the case. Meantime, the DAX has pressed a little higher and it is trading above 16k as I write. So, as you can surely see there is divergence at play between these two leading indexes and one that is favouring the German market right now. The prospect of the ECB sitting on its hands is far more a likelihood than for the BOE. That is not to say either will raise rates again, but more so to underpin the fact that UK rates are currently envisaged to remain at higher levels for a more extended period. That is adding pressure on the EUR/GBP, but at the same time helping the DAX to make further progress. The DAX is now rising to fresh session highs above 16,015
Market News
All News-
Nasdaq 100 continues to lead the way as the 4pm London Fix approaches
As the 4pm London FX fix approaches, the dollar is just coming back from earlier highs. That saw the EUR/USD fall back to 1.1456. It was just now... -
USD/JPY unfazed by lower than forecast Richmond Fed index
The April EU consumer confidence and US Richmond Fed indexes have just been released. The markets were expecting the EU consumer to feel a little less... -
US equity markets open higher and advance in early trade -check out the Nasdaq 100
As expected and priced into the futures beforehand, the US equity markets did open higher this afternoon and despite some initial wobbly price action...
