Europeans

MADRID, 11 (EUROPA PRESS)

Spectrum Markets, a derivatives trading platform, published this Wednesday data from the Serix index on the sentiment of European retail investors for the month of September, which shows a “pronounced decline” in investor sentiment towards the selective British stock market. the FTSE 100, despite closing up more than 2% for the month.

The platform has detailed in a press release that investor sentiment fell to 87 points in September (the 100 point level marks the difference between bullish and bearish sentiment) in a month marked by the tight decision of the Bank of England (BoE). to stop the increases in interest rates, which now stand at 5.25%.

Spectrum’s head of distribution, Michael Hall, has pointed out that there is a “complex combination” of several negative factors that are simultaneously affecting the British economy and investor sentiment: the consequences of Brexit and Covid, the energy crisis, the inflation, the national debt, interest rates and the delayed effects of former Prime Minister Liz Truss’s ‘mini-budget’ policy.

For its part, the Serix data for the underlying markets of the German Dax and the US Nasdaq remained in the neutral and bullish zone, respectively, at 100 and 103, and the S&P 500, also from the US, went from a neutral zone of 99 to a bullish 108.

ONLY 0.1% OF THE DERIVATIVES TRADED WERE ON CRYPTOCURRENCIES

The volume of derivatives traded in September on the Spectrum platform reached 158 million, while cryptocurrency derivatives accounted for 0.1%; on shares 1%; on raw materials 2.2%; on currency pairs 6.4% and on indices an overwhelming majority of 90.3%.

For its part, the study has highlighted that almost a third of the operations took place outside stock market trading hours, which range from 9:00 a.m. to 5:30 p.m., while the most traded underlying market was the German Dax (41.1 %), followed by the Nasdaq 100 (20.4%) and the S&P 500 (10.7%).

2023-10-11 16:48:59
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