Markets slip on Chinese lending slowdown fears


Morning Report: 08.45 London

• This morning, financial markets have a slight negative edge on fears that Chinese banks are pulling back lending to the real estate sector. The S&P 500 is caught in a trading range, not helped by ongoing uncertainty in Ukraine.
 

• On FX markets, the yen pairs are on the back foot, with the AUD/ JPY off by 0.25% on China fears. Other yen pairs are down by a similar magnitude.

• Gold is up slightly, but this does help to push the precious metal back towards the highs.


Coming up today:

• Coming up today, we have German Ifo Business climate, followed by European inflation data in the form of CPI and core CPI.

Trade Idea:

• Gold is inching back towards recent highs, yet is still not over bought in the short term.

• It could be a good time to re-load on the long side bets.


A HIGHER trade predicting that gold closes above $1345 could return 223% in 7 day days time.

This is presented as an idea to stimulate fixed odds financial betting ideas and is not financial advice. 

Summary: