European Spread Betting Markets Tumble
Markets across Europe tumbled as weak consumer confidence numbers from the US compounded continuing fears of European debt worries and the state of the global recovery.
FTSE 100 sold down to 4899, nearly a 3% retracement before making something of a recovery, but still closing down over 2.5% Germany’s Dax traded lower by 3% as negative [...]
Record Low for Euro-Swiss Franc Rate
Looking at yesterday’s markets there were no major news items to speak of so moves appear to be a case of markets falling in line with the path of least resistance…down.
There are two key trends to be aware of:
1. Weakness in the Euro
It’s a big week for Europe with Germany electing a new president on [...]