The FTSE and DAX were both down slightly yesterday

<p>The FTSE and DAX were both down slightly yesterday, but began to make ground as trading began this morning. The FTSE had closed at 5832, […]</p>

The video cannot be shown at the moment. Please try again later.

  • The FTSE and DAX were both down slightly yesterday, but began to make ground as trading began this morning. The FTSE had closed at 5832, and by 9am it was up 40 points at 5872.
  • Standard Life is this morning’s biggest riser up 3.4%, whilst CRH- the building materials group is the biggest loser.
  • Standard Chartered was up a further 1.74% this morning, adding to the 0.5% it gained yesterday. This follows reports that they will be reaching a deal sooner than expected with the New York regulators regarding the transactions with Iran which saw share prices drop 329 pence overnight on 7th August.
  • By 9am, the DAX was up 80 points at 6990, with strong performances from car manufacturers and pharmaceuticals.
  • The Dow Jones had also closed down yesterday at 13169 amid concerns over the shape of the global economy.
  • There are several figures being released today which may provide some direction for the markets.
  • At 9.30am keep an eye out for CPI for the UK, followed by the German ZEW Economic Sentiment at 10am and US Core Retail sales, PPI and Retail sales for the US at 1.30pm

See the City Index Economic Calendar and Companies Reporting Dates page for latest economic news and company events that are likely to impact the markets today.

Build your confidence risk free
Join our live webinars for the latest analysis and trading ideas. Register now

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.