Wall Street Opens on a Cautious Note: Financial Spread Betting Report
Wall Street’s open was somewhat cautious, with the Dow and S&P 500 both struggling to establish some sort of direction at the start of trading today.
On one side we have investors moving back to equities on speculation that the recent sell-off was overdone and on the other side there’s the fear that a potential [...]
Wall Street Begins To Stabilise After 2% Slip: Financial Spread Betting
Wall Street, which resumed trading following Thanksgiving holiday yesterday, slumped by over 2% during the first half hour of the opening bell today, as investors feared that Dubai’s debt troubles will derail the global economic recovery.
UBS sent shivers running down the spines of investors today, after saying that Dubai may owe more than most [...]
FTSE Falls 2.75% After Dubai Debt News
The FTSE endured a heavy bout of selling pressure today, as concerns over Dubai’s financial health threatened the prospects of a sustainable global economic recovery.
Dubai World, a major government-owned investment company that has total debts of $59 billion, has asked creditors if it can postpone its forthcoming debt obligations until at least May 30. [...]
UK and US Markets Financial Spread Betting Update
On both sides of the Atlantic it has been a day of slight gains for both the FTSE 100 and the Dow Jones.
Catering business Compass continues to lead the UK’s leading index after it announced a rise in profits, currently up 25.90p (6.44%).
HSBC and Barclays also managed to hold on to earlier gains after [...]
US Equity Markets Weaken Amid Lower GDP Figures
US equity markets were unable to hold onto yesterday’s gains today, as renewed banking sector concerns and downward revisions to American third-quarter GDP figures tainted sentiment.
Investors are beginning to feel somewhat cautious over the health of the global banking sector today after a German media report claimed that WestLB’s majority owners might withhold support [...]
US Dollar Comes Under Further Pressure: US Financial Trading Update
Wall Street moved into positive territory today, as investors increased their exposure to riskier assets in order to hedge their wealth against prospective US Dollar declines.
The Dollar was under pressure again today after Charles Evans, President of the Federal Reserve Bank of Chicago, told the Financial Times that US interest rates may stay near zero [...]
US Technology Firms Trade Lower: US Equity Spread Trading News
Wall Street has continued to descend today, as investors decreased their exposure to equities on fear of a deeper correction.
The number of bearish signals hitting the market was on the rise today, with policymakers from India, South Korea and Indonesia expressing their concern over potential asset bubbles, and ECB President Jean-Claude Trichet saying that the [...]
Wall Street Index Trades Lower: Financial Spread Betting Update
Wall Street suffered from another bout of weakness at the start of trading today, as investors speculated that the market has got ahead of itself.
The trading day kicked off with some moderately decent jobless claims figures and stronger regional manufacturing data, yet a weaker-than-expected leading economic index left investors with a sour taste in their [...]
US Data Disappoints and Leads Dow Jones Index Lower
The Dow opened lower today as housing and consumer prices data disappointed, while commodities continue to rally.
The US Commerce department today released figures that indicated that the amount of privately owned new houses being built dramatically fell in October. The housing starts figures fell 10.6% to an annual rate of 529,000, after being 592,000 the [...]
Wall Street Weakens After Industrial Production Encourages Profit Taking
Wall Street saw a moderate dip at the start of the trading day, as disappointing industrial production figures encouraged investors to take profits.
An official government report released this afternoon revealed that US industrial output rose by a meagre 0.1% in October, trailing Bloomberg’s expectations for a 0.4% increase and the prior month’s 0.6% gain. [...]