Following better than expected US payrolls and the start of ECB QE, Michael Hewson takes a look at the impact on stock indices, the euro/dollar and major bonds.
- The S&P 500 has fallen back from its highs as dollar strength weighs, with all eyes on whether the word ‘patience’ will be included in next week’s FOMC press release
- The FTSE 100 has seen a sharp tumble below support at 6860 and may target 6750 as investors fear the impact of currency appreciation on corporate earnings
- EUR/USD has continued to slide, with some traders calling for parity on the divergence in monetary policy
- The gap between German and US bond yields is at a record high and continues to add additional pressure
Spread Betting & CFD trading carry a high level of risk to your capital and you can lose more than your initial deposit. Only speculate with money that you can afford to lose. These trading products may not be suitable for all investors so seek independent advice.Video content by Michael Hewson of CMC Markets.