All trading involves risk. Losses can exceed deposits.

Weak data sends markets lower

The chances of imminent action in Syria have continued to diminish, easing market fears and allowing traders and investors to focus on today’s economic releases.

All trading involves risk. Losses can exceed deposits.

Weaker-than-expected German retail sales have followed yesterday’s weak German unemployment claims, which suggests a slightly less buoyant economic environment than hoped for.

Early afternoon US personal spending and income figures have taken the edge off indices, and though no sector has clearly lead the market lower, by the same token no particular sector has managed to prop up the index. European indices are also a touch weaker and it does feel like a broad sell-off, with a risk-off mentality descending on traders.

There has been an element of panic over the last 48 hours due to possibile military action by the west against an Arabic nation. Yesterday's decision by the House of Commons has reduced the chances of the UK joining in with any offensive action. Although the UK military is not as large as many, it does carry a certain amount of gravitas that would help to legitimise the US.

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.