Indices Weaken Over Credit Fears: Financial Spread Trading News
A positive performance by the FTSE, which was momentarily propped up by a rise in banking stocks, turned out to be short-lived for UK markets today.
Renewed fears of global debt outweighed the positive performance made by banks.
UK markets remained mostly negative after credit ratings agency Standard and Poor’s reduced its rating for Spain from [...]
Negative Data Weakens Sentiment and Sends Financial Markets Lower
It appears as though the rally we have witnessed since March is on the brink of faltering.
There was potential for a stock market rebound today following a speech by Federal Reserve Chairman Ben Bernanke, who yesterday evening indirectly informed the market that US interest rates will remain low for a prolonged period.
But just as [...]
US Equities Financial Spread Betting News Update
Wall Street managed to claw back losses seen at the start of the trading day, as gains across semiconductor shares countered weakness in resource shares.
Rate hike speculation weighed on US equity markets during the first half hour of trading, as Friday’s robust US non-farm payrolls left the market feeling as if it had underestimated the [...]
US Non Farms Numbers Surprise Analysts and Boosts Sentiment
It was a euphoric afternoon on the trading floor, with sentiment moving from fearful to fearless the second the US non-farm payroll figure hit the market.
Stock markets cheered today, after US non-farm payroll figures revealed that the American economy lost its fewest jobs in nearly two years last month.
Non-farm payrolls fell by only [...]
Wall Street Faces Volatility After US Data: Spread Betting News
It has been quite a volatile day so far, with Wall Street opening modestly higher after investors interpreted Bank of America’s decision to split from the US government’s grips as a sign of progress.
Market confidence was quickly crushed, however, by a dismal report showing an unexpected contraction in the US services sector last month.
The trading [...]
Dow Jones Moves Slightly Higher Amid ADP Employment Figures
The Dow opened uncertainly but positively today.
The latest employment data, while an improvement, seemed to underwhelm investors and signalled the end of the short-lived diversion of the Dubai debt crisis.
In the first of three days of employment figures the ADP National Employment report concluded that 169,000 private sector jobs were lost in November. [...]
Risk Appetite Returns to the Financial Markets: Spread Betting Update
US equity markets made decent gains at the start of trading today as concerns over Dubai World’s debt problems receded.
Robust Chinese manufacturing data was also responsible for today’s strong start.
It seems as though the recent bout of profit-taking opened a window of opportunity for cash-hungry investors who were waiting on the sidelines.
Risk [...]