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FTSE +22 points at 6299
DAX +24 points at 10958
CAC +18 points at 4838
European cash indices are set to to open higher this morning after a late rally in the U.S and a mixed session in Asia. Wednesday will be the last chance for many to adjust their portfolio before the Thanksgiving holidays with US stocks and soft commodities being closed for trading on Thursday. Markets remain on edge as geopolitical tension flares over the downed Russian fighter jet by Turkey. The news wasn’t enough to spur on the bulls as the ever looming potential rate hike in December keeps them on the side-lines.
Strong data out of Germany was the catalyst for EUR/USD to rise, albeit relatively minimal. Prices edged up to 1.0642, despite recent pessimism amid recent terrorist activity.
Due to aerial conflict between Turkey and Russia, demand for energy continued to rise alongside global tension. Despite an early descent, rising energy prices helped drive the Dow index up 0.1% on Tuesday.
It seemed many investors rekindled an urge for reliability as global unrest increased yet another notch on Tuesday. Key ‘safe-haven’ asset Gold climbed 0.7% in value; in spite of the imminent December interest rate hike.
Ipek Ozkardeskaya is a Market Analyst at London Capital Group. She has strong technical background in quantitative finance. Previously, she worked as FX strategist in Swissquote Bank and as a client sales executive at HSBC Private Bank in Geneva. She also developed quantitative models in automatic trading as part of BCV’s Structured Products team. Ipek has a Master’s degree in Financial Engineering & Risk Management and a Bachelor degree in Economics from University of Lausanne.
Jonathan is also a dealer at Capital Spreads. Having started his career in the City trading interest-rate and bond derivatives in 2005, he entered the spread betting and CFD industry in 2007 by joining the dealing desk at City Credit Capital. After successfully managing multiple-asset risk books across the European, US and Asian time zones through the height of the financial crisis, he joined Capital Spreads in 2010.
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