CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.
Established in 1974
Clients across 156 countries
15,000 markets worldwide

Busy week ahead for markets

Traders in London have barely reached their desks, but already there is enough news to keep them occupied for the rest of the day.

CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.
City of London skyline
Source: Bloomberg

The resounding ‘no’ from Greece last night has been compounded by the resignation of finance minister Varoufakis, perhaps one of the most interesting characters to be produced by this crisis. He is unlikely to leave the stage entirely, but his departure may make it easier for Mr Tsipras and Angela Merkel to strike a bargain in any last-ditch negotiations this week.

Market reaction has been relatively muted so far, and undoubtedly many will look back to last Monday and reflect that the immediate reaction may not always be the correct one. Tsipras has proven that he will not blink, and arguably the onus is on Greece’s creditors to step up and negotiate a fresh deal. Combined with the wild gyrations seen overnight in China that have come in spite of stabilisation efforts, these are not markets for the faint-hearted. We are currently expecting the FTSE 100 to open at 6536, down 50 points from Friday’s close. 

This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.  Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. 

CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.