Positive BoE Minutes See Sterling Forex Spreads Near Six Month Highs
The Week in Review:
Last week the focus was on Spain as tensions increased over its ability to fund itself in the long term with the concerns particularly centred on regional banks’ exposure to an as yet unfinished property market crash.
Yields on the benchmark 10 year government debt again went above 6 percent, with some [...]
EUR/USD Spread Betting Market Falls as French Downgrade Rumour Counters Positive Spanish Auction
In a fairly choppy session, European markets oscillated between positive and negative territory throughout the day.
Markets reacted positively to reports that the Chinese central bank was ready to introduce further liquidity measures, in an attempt to predicate any notion of a “hard landing” in the Chinese economy.
A relatively successful Spanish 10 year auction also proved [...]
Slowing Technology Stock Revenues Weigh on US Spread Betting Markets
European markets have had a markedly softer tone today with Spain and Italian markets bearing the brunt of the sell off with the main drag on sentiment being the financial sector.
Banks had already been on the slide, with the European banking sector spooked over concerns about the number of non-performing loans on the books of [...]
FTSE Outperforms European Spread Betting Indices Despite Trading Lower
UK Close:
It has been another rough day for European stocks after poor Italian industrial production data (6.8 percent versus 5.1 percent) indicated that austerity impacted economies continue to struggle.
Indications that Spanish bank borrowing from the ECB may have jumped 50 percent in March from February also stoked fears that contagion may be spreading [...]
FOMC Minutes Cause Dow Jones Spreads to Plunge
The Week in Review:
Dow Jones finally decided to give something back last week dropping a couple of hundred points from the close high on Monday after the FOMC meeting and minutes.
Economic news concerned these minutes, oil hikes and the return of Eurozone concerns with Spain and Portugal placed firmly in the naughty seat.
Spain’s [...]
FX Spread Betting: Sterling Weakens Despite Strong Construction PMI
European markets have found it difficult to build on the substance of yesterday’s gains in an almost identical repeat of last week when we saw a large market rally on Monday, only for gains to ebb away in subsequent sessions as investors take some profit.
Financial spread betting investors appear to be awaiting the latest [...]
FX Spread Betting: Weak Economic Data Weighs on Single Currency
The softer tone in equity markets in recent days has carried on where it left off yesterday, as economic data continues to disappoint, prompting traders to pull money off the table at the end of a significantly positive quarter.
Today’s assessment of the outlook for the Euro area big three economy’s didn’t offer much comfort [...]
Spread Betting: RBS Rallies on Investment Interest from Abu Dhabi Wealth Fund
The relatively quiet economic docket coupled with a lack of any real conviction that further QE may be forthcoming has left the broad European market struggling to extend yesterdays gains.
Should additional easing occur, it will likely surprise the bond markets which - taken in context against equity markets - have not reacted to the rumours.
Main [...]
Disappointing European Data Sends EUR/USD Spreads Lower
The Week in Review:
Finally economists are in agreement that for the time being, the Eurozone is under control, although close scrutiny is being paid to Spain and Portugal, who say they do not want to branded ‘the new Greece’.
Greece though, are by no means out of the water with the Bank of Greece releasing [...]
BMW Spread Betting Market Plunges 3% on Chinese Growth Fears
The effects of a China slowdown are all too apparent in European shares spread betting markets today.
Comments from BHP Billiton chairman that demand for iron ore is dwindling have caused the mining sector to retreat with Fresnillo, Antofagasta and Rio Tinto among the worst casualties, all trailing near the bottom of the UK index.
Auto stocks [...]