Spanish Ibex Index Falls Sharply as Moody’s Puts Spain on Negative Watch
Stock Indices around Europe suffered yet more falls on Friday as investors sold out of risky asset classes ahead of a pivotal weekend of negotiations on Capitol Hill to agree on deficit cuts and raise the US debt ceiling before the August 2 deadline.
A move by rating agency Moody’s to place Spain on review [...]
GBP/CAD Spread Betting Market Rises on Lower Than Expected Canadian Inflation
The GBP/CAD spread betting market collected over a cent and a half last week.
It achieved it the hard way, first falling by a cent and a half then, in the second half of the week, climbing by nearly three cents.
Canada’s close association with the United States proved to be a mixed blessing, as [...]
US Debt Talk Impasse Sends European Indices Spread Betting Markets Down
European indices spread betting markets lost around 0.3% as traders reduced holdings in banking stocks such as Lloyds and Intesa SanPaolo.
A number of safe haven asset plays such as gold and US dollar/Swiss franc set new record highs as investors reacted to the fragility of talks on raising the US debt ceiling before the August [...]
Crude Oil Spreads Find Support and Look to Play Out Bullish Pattern to $110
Although the stock indices had rallied last week there is a possibility that a wall of resistance may be reached again.
Currently the indices have stalled at a secondary resistance on the upside. But the intermediate term picture remains unsure as both the UK and US indices are stuck within a range. A breakout above [...]
Indices Spread Betting Markets Rise on String of Good Corporate Earnings
The Spread Betting Markets - Last Week:
After fears surrounding Greek default and US deficit policy roadblocks sent Gold raging to an all-time high of $1610.70/oz early last week, Sarkozy and Merkel arranged for a new set of 15-30 year bonds to be issued at lower interest rates, allowing Greece to carry on for the [...]
CAC 40 Rallies 1% as Spread Betting Investors Satisfied by EU Debt Summit Outcome
European indices continued to climb up on Friday, with the FTSE 100 and CAC 40 rallying near 1%, whilst the DAX rallied 0.5% and peripheral indices such as the Spanish IBEX, Portuguese PSI and Italian MIB also saw strong gains between 0.8% and 2% on the day.
Investors give EU plans a thumbs up but not [...]
Mining Stocks Drag FTSE 100 Down as Chinese Factory Sector Loses Steam
European stocks traded lower on Thursday, weighed down by weakness in mining stocks in reaction to poor data out of China, whilst most of the market was intensely focused on developments in Brussels.
It is the weaker-than-expected Chinese data that is weighing on the mining sector today with the heavyweight sector dragging down the FTSE 100. [...]
Speculation over RAB Rate Cuts Sends GBP/AUD Spread Betting Market Up
The GBP/AUD spread betting market moved higher last week with no sense of urgency.
It was not until Wednesday that sterling got into its stride; two and a half days later it was two and a half cents higher and close to the week’s high. After covering a range of three and a half cents, [...]
Gold Spreads Head for $2000 as Investors Trade with Caution
The recent bearish reversals in stock indices have continued to push markets lower at the start of this week.
Several technical factors are suggesting that the bearish outlook could be about to get worse if the bulls fail to lift the markets above support levels. The US markets have a significant amount of downside this [...]
BSkyB Shares Post Late Rally as News Corp Withdraws Takeover Bid
The Spread Betting Markets - Last Week:
Another week of heavy selling came as the US Congress failed to reach an agreement over how to deal with the national deficit, and the August 2nd deadline for default looms closer.
Italian bond spreads widened and though their auction was oversubscribed, yields pushed up to 5.9%, close [...]