• UK stock market commentary (September 23, 2015): Timber!!

    European equities are set to plunge on the open off the back of yet more weak Chinese economic data. The stasis that markets had been stuck in has been well and truly broken with markets now looking likely to test the yearís lows. With Europeís major indices significantly in the red for the year, the question now is how low will they go?

    U.S stocks erased gains made on Monday as the bears rejoiced in market volatility and uncertainty of the timeline of a rate hike. The Dow Jones Industrial Average tumbled 171 points to 16,338 on Tuesday, down over 1%. The Fedís decision to keep the base rate unchanged last week has left an aura of doubt with matters not helped by continuing weakness in china.

    Euro Dollar fell for the fourth consecutive day on Tuesday ending the day around the 1.1130 mark, down over half a percent. The currency pair has been rattled this week with volatility likely to continue ahead of appearances from both Draghi and Yellen later this week.

    Oil markets fell once again on Tuesday with WTI settling down over 1.8%. Fears over China and other poorly performing economies is igniting fears over softening demand for the commodity.

    Contributed by Capital Spreads
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