Post EU Referendum Market Moves: FTSE 100 Futures Open 9% Down

Support: +44 (0) 203 301 0483 | support@financialspreads.com
Financial Spreads: Spread Betting and CFD Trading

Losses can exceed deposits
Post EU Referendum Market Moves: FTSE 100 Futures Open 9% Down

Post EU Referendum Market Moves: FTSE 100 Futures Open 9% Down


The Market and Political View from Adam Jepsen, Founder, Financial Spreads.


- - FTSE 100 Futures Open 9% Down - -

FTSE 100 Futures have just opened 584 points lower at 5716.

That's a 9% drop.

This will be a market gap i.e. when the market jumps from one level to another and hurts investors (i.e. the what we were trying to warn clients about).
- - - Sterling & Euro Hit in Forex Markets - - - These are already huge moves and while trading was very quiet last night, it's frantic now and set to get busier between 7am - 9am.


- - - Contagion - - -

The markets in the Far East are spooked and in USD/JPY, the Japanese yen has dropped ¥4 vs the dollar.


- - - US Markets Forced to Close - - -

The US S&P 500 Futures and NASDAQ 100 Futures markets have already had to close (for 20 minutes) because they were 'Limit Down'.

I.e. if there is a big drop then they close to give the market some respite.

In this case they were both down 5% and that's when they had to close. Both are now open again.

The Dow Jones is also down but has a Limit Down of 10%.

By Adam Jepsen, 24 June 2016


Contact Customer Support

+44 (0) 203 301 0483
support@financialspreads.com

Also see: