Spread Betting Markets have a Quieter Week as FTSE Stays Range Bound
The Spread Betting Markets - Last Week:
Overall, it was a quieter week for the spread betting markets, which were generally lacking direction with the FTSE 100 range-bound between 5900 and 6000.
Monday was lacklustre due to the lack of economic data. The main news was the terrorist attack in Moscow’s Domodedovo Airport. The FTSE closed [...]
Mining Shares Drag on FTSE 100 as Spread Betting Markets Await US GDP
The FTSE 100 fell over 0.5% on Friday with the mining shares the key drag on the UK Index as investors remove elements of risk off the table ahead of the first reading for fourth quarter US GDP.
We have seen trader’s moves to remove some of their risk in mining stocks, which have fallen around [...]
Miners Keeping European Indices Afloat as Markets Shrug Off Japan Downgrade
Investors shrugged off any negative sentiment in the spread betting markets created by Standard & Poor’s decision to cut their credit rating on Japan to AA-minus with Indices in Europe largely trading near flat territory with price swings between small losses and gains.
We have seen a mildly positive real reaction from equity traders to [...]
Dow Jones Rallies as FTSE Stalls in the Indices Spread Betting Markets
As the US Dow Jones continues higher the UK FTSE 100 has stalled right into its resistance zone. There is still room for both indices to edge higher but as noted previously there is an Extension pattern in play that suggests caution may be required. Although the overall trend has been and is still technically [...]
Spread Betting: Commodity Prices Weigh Down Equity Markets in Europe after Strong Start
Equity markets across Europe started the day in positive mood following a strong US session yesterday evening and better than expected results from Siemens this morning. However, gains were eroded shortly after the opening bell as commodity prices weighed heavily on the markets.
Yesterday’s US session saw intraday highs of 11,982 for the Dow and 1291 [...]
Index Spread Betting: FTSE Correction Wipes Out Santa Rally
The Spread Betting Markets - Last Week:
A significant correction on the FTSE index last week erased the gains made by the ‘Santa rally’ late in December and early in January. The Dow has been more even-keeled, despite a mixed bag of earnings results.
Goldman Sachs profit was bang in line with analysts’ [...]
Index Spread Betting: FTSE 100 Trades Lower as Mining Firms Struggle
The FTSE 100 index traded lower by as much as 1% on Thursday as traders continued to exit positions in heavyweight mining firms after Chinese GDP accelerated to 9.8%, above market consensus with most expecting GDP to slow moderately to 9.2%.
The key issue with China’s GDP is the fact that China has now adopted [...]
FTSE Looks to Consolidate Above 6050 in the Indices Spread Betting Markets
Equity markets were flat in early trading and looking to consolidate yesterday’s positive move following better than expected updates from Apple and IBM after the close in the US last night.
Apple unsurprisingly beat market expectations late last night, helped by festive purchases of iPads, iPhones and Mac computers. Sales were up +71% to $26.7 billion [...]
Spread Bets: Friday’s Trading Session sees Mixed Results for Global Indices
An interesting session on Friday saw a mixed bag of trading across various indices leaving doubt for this week ahead. The US markets traded higher but the UK FTSE 100 saw the index close lower. It appears that the UK market may already have made a short term top whilst the US was lagging.
This [...]
Spread Betting: Poor Company Reports Weigh on the FTSE as Retailers hit by Snow
The Spread Betting Markets - Last Week:
Investors got their first taste of corporate earnings last week as some key retailers revealed slower sales in Q4 due to snow. Halfords came in at the low end of expectations, and Debenhams’ comparable sales were only +0.3%.
Rotten reports from supermarkets also weighed on the FTSE index, [...]