Lloyds Jumps 7% to Top of FTSE Leader Board as Markets Welcome Strategy Review
European stocks enjoyed their fourth straight session of gains on Thursday as stocks started higher once again, with appetite for risk rejuvenated by the positive austerity proceedings made in Greece.
The FTSE 100, DAX and CAC all traded higher between 0.2% and 0.7% in early trade on Thursday. Index gains were led chiefly by stronger UK [...]
FTSE Climbs 1% as Market Optimism Over Greece Lifts Heavyweight Sectors
Stock indices rallied for a third straight session on Wednesday as Greece prepared to vote on new austerity measures, with investors confident that the package would pass through parliament.
The FTSE, DAX and CAC all traded higher by 1%, led chiefly by gains in heavyweight mining and energy firms, indicating that traders are happy to [...]
Nymex Crude Oil Plays Out Bearish Pattern as it Hits $90
With markets continuing their bearish phase in last week’s trading sessions this week starts with support levels being tested.
If we see a failure to hold current support levels we could be setting up for further falls across the indices. It is important that the markets find a firm base here to start trading higher. [...]
Dow Closes Volatile Trading Week Lower on Fed Chairman’s Dovish Tone
The Spread Betting Markets - Last Week:
Another erratic week was illustrated by a 345 point range between the high and low on the Dow as the Greece situation unfolds and Bernanke’s FOMC conference agitated the market.
Last Monday was range bound during the European session as there were reports European Governments were in disagreement [...]
Commodities Spread Betting: Gold Price Rallies on Gloomy Economic Outlook
Commodities suffered the biggest weekly decrease in over a month as demand for raw materials looked likely to be hit by a world-wide economic slowdown.
Financial spread betting analysts worried about the outlook for the demand of energy, grains & metals in light of the debt crisis in Greece & the slow American economy.
American [...]
Equities Spread Betting Markets Rise on Robust Chinese Growth Figures
Shares increased in recent trading after the leaders of Germany & France hinted at an aid deal to rescue fellow eurozone member Greece from default & avert another world-wide crisis, even so until an agreement is reached there will still be a layer of anxiety hanging over markets.
Speculation that highly indebted Greece could possibly [...]
Price of Crude Oil Drops 5% on Surprise Move by IEA to Increase Supply
Stocks slid by over 1.5% across Europe on Thursday as a number factors came together to breed further uncertainty and heighten risk aversion.
A multitude of factors encouraging risk aversion
Ben Bernanke disappointed the market by refraining from giving enough confidence that the Fed is prepared to act amidst a slowdown in US growth. Chinese PMI data [...]
FX Spread Betting: Kiwi Dollar Rallies from Earthquake Aftershock Dip
A three-cent range took sterling nowhere last week. It was higher in the first half of the week, lower in the second but eventually opened in London yesterday morning unchanged on the week give or take a dozen ticks.
Another two earthquakes in Christchurch sent the NZ dollar scuttling for cover, but did no lasting damage [...]
GBP/EUR Shows Volatility as Uncertainties Surrounding Greece Weigh
Two false starts last week for sterling managed, at one point, to take it a cent higher against the euro but gave it no chance to consolidate the gain.
On Thursday afternoon and again on Friday the GBP/EUR moved lower, but it staged something of a recovery early yesterday morning. By the time London opened [...]
Risk Aversion Pushes Dow Jones Below Key 12000 Support Level
As expected last week’s price action was in line with the bearish view. Given that various technical indicators were suggesting a continuation to the downside the stock indices were declining through support levels.
The start to this week’s trading shows that the markets remain in control by the bears. If weakness continues through to Tuesday [...]