Bank Shares Continue to Rally

Please find below the Financial Fixed Odds report from David Evans, market analyst at BetOnMarkets. It’s rally time and banks are leading the charge. Barclays in the front runner, rising to over £2.80 and gaining nearly 10% today alone. Barclays is benefitting from the so called ‘independence’ premium and speculation over the potential gains to [...]

Wall Street Gains After Positive News

Wall Street added to yesterday’s gains today after better-than-expected first-quarter profits at Dow Chemical and an unexpected fall in initial jobless claims fuelled optimism. Dow Chemical, the largest US chemical maker, jumped 16.4% to $15.72 a share this afternoon after producing first-quarter profits (excluding certain one-off items) of 12 cents a share. That was significantly [...]

Markets Ignore the Rules and Go Up

Sometimes markets don’t act like they “should” do. Today US GDP came in at -6.1% for Q1, significantly worse than consensus expectations, yet markets have rallied today. Even the revelation that 6 out of the 19 banks being examined as part of the US stress test will need further funds, hasn’t dented enthusiasm today. It [...]

FTSE Trading in a Tight Range

The FTSE has been trading in a tight range giving current volatility, trading between 4090 and 4120. Shell have announced profit decline of 58%, perhaps not particularly surprising given the oil price and announcements from BP earlier this week. Otherwise, swine flu is still at the forefront of news, with occurrences of the disease spreading [...]

US Banking sector and Swine Flu Knock US Equity Markets

Fresh banking sector fears and negative sentiment instigated by the deadly swine flu outbreak knocked US equity markets a notch lower at the start of the trading day today. Confidence in US stocks, especially towards airlines, returned by late afternoon trading, however. It has emerged that unidentified sources close to the matter have told the [...]

Swine Flu, US Banks and Gold Trading

Please find below the Financial Fixed Odds report from David Evans, market analyst at BetOnMarkets. Fears over swine flu look to be subsiding with the majority of fatalities confined to Mexico so far. Of more concern to markets are the results of the stress test on US banks, early reports indicate that Citigroup and Bank [...]

Swine Flu and the Financial Markets

Please find below the Financial Fixed Odds report from David Evans, market analyst at BetOnMarkets. World equity markets started lower today, but only slightly. The World Health Organisation elevating the swine flu outbreak to pandemic status has certainly hit markets with individual sectors such as travel firms and energy stocks selling off the most today. [...]

FTSE, Housing and Oil Trading

Please find below the Financial Fixed Odds report from David Evans, market analyst at BetOnMarkets. The FTSE currently indicates a particularly weak open, as traders worry that the worse then expected UK Hometrack housing numbers could set off another selling spree. With almost no economic news being released in UK the rest of the week, [...]

Financial Review of Swine Flu and US Financial Shares

The rapid spread of the deadly swine flu outbreak hit US shares, particularly travel related stocks, this afternoon. The United Nations has warned that the virus has the potential of becoming a pandemic after rapidly spreading from Mexico, where officials suspect it has caused the death of more than 100 people, to the United States, [...]

FTSE 100 and Oil Looking Weaker

Please find below the Financial Fixed Odds report from David Evans, market analyst at BetOnMarkets. The FTSE currently indicates a very weak open, as traders are organizing their portfolio ahead of tomorrows UK GDP report. Analysts are expecting a contraction of almost 2% for the first quarter. However there has been talk that the number [...]