skip to Main Content
Get your free newsletter: Actionable insight each morning for self-directed investors. 

Falling by around 5 points the FTSE can arguably be happy with its performance this Wednesday given the size of the losses of some of its constituents. Next remained far and away the worst performer, dropping 10% following its troubling post-Christmas update; the sickly retailer was joined by sector peers Marks & Spencer and Associated British Foods, which fell 4.4% and 3.4% respectively, as well as ITV, which dropped nearly 4%.

As for the latest UK construction PMI, just like its manufacturing counterpart yesterday the positive reading, which came in at a 9 month peak of 54.2, benefited the pound more than the FTSE, with sterling jumping 0.3% against the dollar. Against the euro, however, sterling struggled, falling 0.1% thanks to the Eurozone’s own services PMI surprise and a higher than forecast region-wide inflation reading, which now sits at a 39 month high of 1.1%.

Looking ahead to the US open and there doesn’t appear to be much on the cards that could inspire a fresh wave of momentum. The Dow Jones futures are currently suggesting the index will post a barely perceptible 10 point increase after the bell, an increase that would still see the Dow stuck below 19900.

Become a better investor with SharePad Designed to give you the confidence to pick your own investments, Sharepad gives you access to a wealth of information on UK, US & European stocks. Find out more

Please note this article does not constitute investment advice. Investors are encouraged to do their own research beforehand or consult a professional advisor.

Connor Campbell

Connor Campbell

Connor joined Spreadex in 2014 as part of a newly expanded financial analyst team after graduating from the University of Southampton with an MA in English. His focus is on providing Spreadex's customers with up-to-date and informative news, and is responsible for the market analysis found on the Spreadex website.

Connor produces three daily market updates, a daily stock earnings preview, a weekly financial market preview piece every Friday, a round-up of all the big financial stories making the weekend press every Monday morning and regular stock market features.

Stocks in Focus

Here are some of the smaller companies we are following most closely. They all represent significant growth stories in our view. Our in-depth reports go into more detail on why we like them.


Get your free daily newsletter: 

Thanks to our Partners

Our partners are established, regulated businesses and we are grateful for their support.

FP Markets
Trade Nation
Back To Top