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FTSE +3 at 5895
DAX -25 at 9368
CAC -6 at 4222
Expect a mixed and uneventful open to European equity markets this morning. A quiet night across multiple key markets ahead of NFP Friday failed to provide any insight for cautious investors. A second successive upbeat non-farm number could provide piece of mind for currently contained equity bulls.
Bulls triumph in Wall Street tug of war. A volatile Dow whipped back and forth before eventually settling 80 points superior yesterday. Despite a second consecutive daily climb, pessimistic macroeconomic sentiment and turbulent oil prices continue to grip the attention of edgy investors. Tentative investors will be eager to assimilate any indications the all-important NFP figure provides. Spurred on by mass indecision and fragile investor confidence ahead of influential data release, reactive safe-haven bulls continue to propel the value of Gold higher.
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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