US Indices Contributed to Global Rally: Index Spreads Update
Wall Street contributed to the global rally today, following the release of better-than-expected US retail sales. A pledge to maintain stimulus measures by Asian government leaders at the Pacific Economic Cooperation (APEC) summit also fuelled risk appetite.
US retail sales impressed the market rising by a larger-than-expected 1.4% in October. The rise was better than [...]
Positive Reports Boost US Shares: Financial Spread Betting News
Wall Street was trading in positive territory this afternoon following the release of solid quarterly earnings from Walt Disney and Abercrombie & Fitch.
Investors cheered after Walt Disney, the world’s biggest media company, reported a bigger-than-expected 18% increase in fourth-quarter profit of $895 million. After excluding certain one-off items, profits were 12% higher than Bloomberg’s [...]
US Shares and Dow Jones Index Financial Spread Betting News
The trading floor was buzzing with activity this afternoon, as Wall Street managed to defy a negative start and rise on the back of better-than-expected jobless claims figures and a rally across technology shares.
The US session kicked off with a government report showing fewer Americans signing on for jobless benefits last week. This is [...]
Dollar Weakness Continues to Boost US Markets and Commodities
Wall Street opened positively this afternoon – the Dow was up 76 points by 3.30pm in London, passing 10,320 to reach a new year-high after a spate of Dollar weakness.
In London this afternoon the FTSE also reached an intraday high for 2009 as unemployment levels came in better-than-expected, with the rise of 12,900 out of [...]
US Shares and Wall Street Index Spread Betting Update
It seemed as though Wall Street took a bit of a breather at the start of trading today.
A glance at the S&P 500 chart reveals that there’s a potential head-and-shoulders pattern forming – a bearish indicator which could also help explain why Wall Street has kicked off in the red today.
The US trading day [...]
High Gold Prices Help Miners Push Dow Further: Spread Trading Update
It appears as if Friday’s worse-than-expected American unemployment figures were shrugged off today, with Wall Street rallying on the back of takeover news and stimulus support at the G20 meeting.
A number of events contributed to Wall Street’s euphoric mood this afternoon. We had finance ministers at the G20 meeting vowing to maintain their economic stimuli [...]
US Unemployment Passes 10%: Financial Spread Betting Market News
If you’re looking for encouraging signs, take a look at the level of the DJIA and the S&P 500 index and you’ll see signs of Wall Street attempting to defy some pretty miserable employment numbers by rebounding into positive territory.
We weren’t expecting great things from the non-farm payroll figures which came out at 1.30pm (London [...]
Positive US Labor Data Boosts US Indices: Spread Betting News
Stocks on Wall Street opened fairly robustly this afternoon, after the pre-market release of encouraging labour data and upbeat news from Cisco Systems and Costco.
By 2.40pm (London time) the Dow Jones was trading up 78 points or 0.8% at 9880 and by 3pm had progressed to 9928 (+1.3%). The wider S&P 500 was up by [...]
US Indices Open Positively After Employment Statistics
The FTSE 100 is trading around the 5100 level, while US markets have opened higher following positive employment statistics.
Retail and mining sectors continue to hold onto the mornings gains. Miners Fresnillo and Kazakhmys continue to be up on the day, up 61p (+8.12%) and 75p (+6.70%) respectively.
While retailers Next and Marks and Spencer [...]
US Share Market Spread Betting Report
The downtrend on the Dow and S&P 500 resumed, as wider-than-expected losses at UBS and a downgrade on semiconductor stocks encouraged investors to reduce their exposure to equities.
The downtrend on the Dow and S&P 500 resumed, as wider-than-expected losses at UBS and a downgrade on semiconductor stocks encouraged investors to reduce their exposure to [...]