FTSE Spreads Weaken Despite Agreement of Second Greek Bailout
In mid-morning trade, FTSE spreads are a little weaker in subdued trade.
The casual observer could be forgiven for thinking that nothing interesting has happened in financial markets in the last 24 hours.
Despite agreement of the second Greek bailout, market reaction has been muted to say the least with very little volatility across the major asset classes.
Of course, agreement of the deal was widely expected but the underwhelmed response by indices spread betting markets may also be an air of caution returning. We have been here on a few occasions before, only for any deal to be scuppered.
US markets return today after Monday’s holiday so this could mean that markets may liven up this afternoon.
At the moment the Dow futures are forecasting a start of around 13,000, a 50-point gain from Friday’s close.
Spread betting carries a high level of risk to your capital. You may lose more than your initial investment. It may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
Financial Market Comments from David Jones, Chief Market Strategist, IG Index.
The above comments do not constitute investment advice and Clean Financial accepts no responsibility for any use that may be made of them.
Content provided by IG Index which is Authorised and regulated by the Financial Services Authority. FSA Register number 114059.
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