Global Growth Concerns Push FTSE 100 Spreads to Worst Quarterly Loss in 9 Years
European markets lost ground on Friday as investors sold out of heavyweight banking stocks, forcing the FTSE 100 lower by 2% going into the close, whilst the DAX and CAC both fell over 2%.
The banks have seen the focus of the selling today as investors became concerned over a property market correction in China, which [...]
Shares Spread Betting: Man Group Plunges 20% as Clients Withdraw Funds
European stock markets turned weaker today, putting a halt on a three-day winning streak as investors locked in their gains and re-evaluated what the likely rescue package could look like after a notable difference of views amongst European fiscal leaders and officials.
The FTSE 100 fell 0.8% whilst the DAX and CAC both saw losses of [...]
Italian Bond Yields Hit 3 Year Highs as EU Leaders Continue Crisis Talks
European spread betting markets have continued their gains as investors cautiously dip their toes back into the water and markets move higher on hopes rather than on expectation, though volumes haven’t exactly been great.
European leaders continue to differ about final resolutions but with the troika set to return to Athens and the Greek parliament [...]
Indices Spread Betting: Fed Intervenes as Stocks Lose 20% in 4 Months
The Spread Betting Markets - Last Week:
A new bear market has begun as the MSCI All-Country World index showed stocks lost more than 20% since May 2.
Spanning developed and emerging markets, it seems that downside risks have spooked investors into taking cash off the table even at significant losses.
The US Federal Reserve initiated [...]
Forex Spread Betting: ECB Rate Cut Possible as Bank Lowers Eurozone Inflation Forecasts
Yet again Greece is back in the spotlight.
Merkel and Sarkozy did well to calm forex spread betting investors’ nerves last week with comments stating they are convinced Greece will remain within the euro mechanism – but this confidence didn’t make it through the weekend.
A Greek default now looks inevitable as the mid-October deadline [...]
Gold Spread Betting Market Turns Bearish Despite Heavy Falls in Stock Markets
As global stock markets have rumbled with a break to the downside key indices are now at dangerous levels.
With today’s decline across all markets support levels are being broken and this suggests that we could be facing another major leg to the downside. Both the FTSE 100 and Dow Jones are now trading within a [...]
Spread Betting Markets See Heavy Selling Before the FOMC QE3 Decision
Investors across Europe downsized risk on Wednesday ahead of a crucial FOMC decision where the market is expecting the US Federal Reserve to announce steps to support the markets and the US economy.
In index spread betting, the FTSE 100 lost around 1.5% dragged down by selling in heavyweight mining firms, whilst the DAX saw [...]
Spread Betting: The FTSE 100 Remains Bearish for the Longer Term
As the week closes on a positive note for the FTSE 100, Gold prices continue to head lower.
Spread betting investors returned to stocks after picking up bargains since the August drop of -21% on the FTSE 100 index from the 6084 July high.
Meanwhile Gold prices continue to pullback lower as some investors see [...]
UBS Suffers $2bn Loss Due to Rogue Trader
The Spread Betting Markets - Last Week:
The release of the controversial Vickers report on Monday saw bank shares move down on recommendation of the ring fencing of retail and investment banking funds.
UBS admitted to a $2bn loss from a rogue trader on its Delta One ETF desk after covering up a leveraged currency [...]
Chinese Discussion to Buy Italian Bonds Fails to Lift European Stock Market Indices
“The small bounce in European stock markets, on the back of talks for China to buy large amounts of Italian bonds and take stakes in Italian firms, was short lived.
Spread betting investors continued to take their lead from the bond markets, where the benchmark Italian 10 year bond yields continue to race higher.
When the rumours [...]