Mixed Results in US Spread Betting Markets

US equity markets experienced a bit of a mixed start today, as further signs of stabilisation in the embattled American labour market left investors feeling as if the Fed may decide to raise interest rates ahead of schedule. A Labour Department report released this afternoon has showed the number of Americans claiming first-time jobless benefits [...]

Spread Betting Update – US Equity Markets Struggle

US equity markets struggled to find direction during the first hour of trading today, as the release of more positive American economic data lifted the market’s short-term interest rate expectations. The Institute for Supply Management’s Chicago Purchasing Managers Index, an important barometer for business activity, rose to a reading of 60 in December from 56.1 [...]

US Equities Robust Despite Poor US Housing Data

US equities made decent gains at the start of trading today, despite flat American housing data. An official government report released this afternoon has revealed that home prices across 20 US cities were flat in October, dashing hopes for a sixth straight monthly increase and casting some doubt over the market’s ability to sustain the [...]

Financial Fixed Odds Christmas Trading Update

The Financial Fixed Odds update from David Evans, Market Analyst, BetOnMarkets. Will markets deliver a Santa Clause rally? Including today, there are just two trading sessions to go before Christmas. Historically this period has been extremely positive for stock markets. Taking last night’s close as our entry point, the benchmark US index, the S&P 500 [...]

UK 100 Index Continues Up

The UK’s leading index continues to be up on the day, trading at 5342 points with resource stocks continuing to dominate. Cairn Energy remains out in front, now up 20.70p (+6.49) at 330.5p, with Royal Dutch Shell ‘A’ and ‘B’ close behind, up 2.62% and 2.72% respectively at 2.50pm (London time). Also among the winners [...]

Dow Jones and Currency Trading Update

The Financial Fixed Odds update from David Evans, Market Analyst, BetOnMarkets. Will the Dow Finally Break out? Global stock markets were relatively quiet last week with a small loss over the 5 trading days for most markets. The Dow Jones (Wall Street) continues trade in a tight range with the 15,000 becoming a solid barrier [...]

Currency Markets Recover from the US Dollars Gains: Forex Trading News

The Dollar reigned supreme yesterday as investors fretted over renewed banking fears, sovereign debt problems in Europe and the prospects for a rate hike in the US. The Dollar reigned supreme yesterday as investors fretted over renewed banking fears, sovereign debt problems in Europe and the prospects for a rate hike in the US. The [...]

Stronger Dollar and Weak Data Pressurise Wall Street

Stock prices came under pressure this afternoon on Wall Street, with a resurgent Dollar affecting foreign investment flows, and also affected by the release of unexpectedly weak initial jobless claims figures for the week ending 12 December and a lower profit forecast by FedEx Corp. Shortly after the open, the DJIA was trading down 62 [...]

The Euro Continues to Weaken Over Greece Fears: Currency Trading Update

The Euro is in focus again this morning as the EUR/USD breaks below the $1.4500 support level to record its lowest levels since September. The Euro is coming under increasing pressure as traders speculate on the possibility of Greece leaving the European single currency in order to restructure its recovery plans. The US Dollar is [...]

Wall Street Moves Higher Amid Speculation of Low Interest Rates

Confident speculation that the Federal Reserve will keep interest rates low helped push Wall Street back into positive territory today. A Bloomberg survey of 98 economists predicted that the Fed will leave its benchmark lending rate unchanged despite recent data pointing to renewed economic growth. High unemployment is a key concern for the Fed and [...]