Alphaex Capital Daily Market Brief


European Equity Markets

The Stoxx 600 traded up 0.04% for the day. Europe’s technology stocks traded lower than 1%.  The FTSE 100 and Germany’s Dax closed lower while the French CAC 40 managed to squeeze out a small gain. Meanwhile, shares of Danske Bank fell 2.01% after Danish daily newspaper Berlingske cited new data in an Estonian money laundering legal case.

US Equity Markets markets closed for Independence Day

Asian Equity Markets indices continued to trade lower on Thursday with traders cautious ahead of a deadline when tariffs from the U.S. and China are due to be implemented. Hong Kong’s Hang Seng Index lost 0.88%, with the energy and materials sectors among the worst-performing. Japan’s Nikkei 225 fell 0.98% due to declines in oil producers and retailers leading losses the losses. Fast Retailing dropped 2.67%.

Forex Markets the EUR/USD  barely changed at $1.1662, having found firm support near $1.15 over the past few weeks despite worries about an economic slowdown and political instability in Europe. The USD/JPY traded at 110.38 yen.


Commodities Markets oil prices fell on Thursday after U.S. President Donald Trump sent a strident tweet demanding that OPEC cut prices for crude. The escalating trade row between Washington and Beijing also cast a shadow over markets, with China warning it could introduce duties on U.S. crude imports at an as yet unspecified date. Brent crude futures were at $77.68 per barrel, down 56 cents from their last close. U.S. West Texas Intermediate (WTI) crude futures were down 29 cents at $73.85 per barrel.

Bond Markets markets closed for Independence Day

Risk Warning

Trading carried a high level of risk to your capital. Losses can exceed deposits. Please read the full risk warning here


Trading spot foreign exchange and futures on margin carries a high level of risk and may not be suitable for all investors. You may lose all your capital. Loses can exceed deposits. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in spot foreign exchange or futures you should carefully consider your investment objectives, level of experience, and risk appetite. If you are in any doubt about investment or the mechanics of such products, you should seek independent financial advice.

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