Top Story

Investor gloom

London shares opened down, taking their cue from the investor gloom affecting the US markets, with the Nasdaq falling back -1.00% and the S&P500 down -0.66%. Goldman Sachs lowered its fourth-quarter US growth forecast by 20 basis points to 1.8%. 


European trading was also down over concerns about a possible return to political instability affecting the economy, after Italy’s deputy prime minister Matteo Salvini called for a general election. The FTSE MIB, was particularly affected (-2.48%), with the FTSE relatively insulated (-0.44%), on poor trade data but helped by a weakened sterling.

Russian cheer

Top of the FTSE benchmark is Roman Abramovich’s steel company Evraz, with its shares up 2.06%, after announcing solid interim results to end-June supported by positive trends in their key product markets, including a recovery of construction activity in Russia. Antofagasta was up 1.71%, after a strong quarter featuring a jump in copper production and falling costs. Rolls Royce was down -2.51%, due to significantly high cash outflow, as it battles to fix its new Trent engine.

Asian shares opened the week on a positive note after a difficult week, led by the Shanghai Composite on 0.99%, the Sensex on 0.68% and the Nikkei 225 on 0.44%.

Please note these products may not be available to trade in all regions.

Disclaimer: The information on this web site 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. The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.

Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. Losses can exceed your deposits. Increasing leverage increases risk. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents. Before deciding to trade forex and commodity futures, you should carefully consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that we do not provide any investment, legal, or tax advice. You should consult with appropriate counsel or other advisors on all investment, legal, or tax matters. References to Forex.com or GAIN Capital refer to GAIN Capital Holdings Inc. and its subsidiaries. Please read Characteristics and Risks of Standardized Options.

The markets are moving. Stop missing out.

Open an Account