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 [...]

Currency Markets Recover After Dubai Concerns

Financial markets are staring the week with cautious optimism after the shock of Dubai’s Debt problems starts to subside, however, the Monday after Thanksgiving holiday is historically weak 62.5% of the time. Over the weekend, investors have been comforted by the news that the central bank of the UAE will ‘stand behind’ local and foreign [...]

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 [...]

Dubai News Drags World Markets Down: Financial Trading Report

Financial markets were taken unawares yesterday as surprise news from Dubai and China sparked a global sell off. The main catalyst for yesterday’s falls was the news that Dubai World, the government’s investment vehicle, wanted to delay repaying its debts. This sparked a panic that the supposed engine of growth in the Middle East might [...]

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. [...]

Yen Sees Large Movements Whilst US Markets Are Closed

US stock markets are closed today for Thanksgiving, but across the world, forex markets are far from quiet. After a storming day yesterday, gold has nudged higher once again today to set another new record high of $1195. This is now the longest rally in gold for 27 years. Reports that India’s central bank may [...]

Central Bank Comments Boost Australian Dollar: Financial Trading Update

American markets are closed tomorrow for Thanksgiving, but this could present a betting opportunity on financial markets such as the S&P 500 and Dow Jones (Wall Street). Since 1961, the broad S&P 500 index has risen 79% of the time on the day before Thanksgiving (today) and 77% of the time on the day after [...]

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 [...]

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 [...]

Dow Jones and Gold Reach New 2009 Highs: US Trading News

Stock markets start the week with a blast with the Dow Jones kissing the underside of the psychologically important 10,500 level. After a few cautious days last week, it seems investors were willing to embrace risk once again and buy into the recovery story. Markets look as though they will open slightly off the boil [...]