US markets attempt to pull Europe higher

Despite a rally in commodity prices, mining sector stocks have dragged their heels.

Reflecting their respective abilities to handle a reduction in the US quantitative easing policy, European equity markets have struggled, while US markets are staging a recovery.

August has not been kind to the bulls, but this time of year it tends to be a struggle due to thinner equity trading volumes.

The FTSE 100 was certainly weighed down by commodity prices in early trading as well as corporate figures from BHP Billiton and the first set of figures from Glencore Xstrata since the amalgamation of the two firms. BHP has also had a number of leadership issues to tackle, with new CEO Andrew Mackenzie promoted from within.

It is hard to believe that most traders are not focused on the events later in the week. On Wednesday evening, the Fed’s FOMC minutes are released, followed by Thursday’s Jackson Hole seminar and then Friday’s GDP data for a number of European countries.

This information has been prepared by IG, a trading name of IG Markets 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. See full non-independent research disclaimer and quarterly summary.

CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen. 79% van de retailbeleggers lijdt verlies op de handel in CFD’s met deze aanbieder.
Het is belangrijk dat u goed begrijpt hoe CFD's werken en dat u nagaat of u zich het hoge risico op verlies kunt permitteren.
CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen.