Mining Sector Rally Drives FTSE 100 Spread Betting Market Higher
Financial stocks drive the FTSE 100 higher and countered profit taking in the mining sector but most traders are waiting for the 1.30pm release of January US jobs data, which is likely to strongly influence how the FTSE closes out the trading week.
The FTSE 350 banking sector rose over 1% in early trading and this [...]
Online Spread Betting: Decline in US Non-Farm Payrolls to Encourage QE3
Friday sees the traditional first Friday of every month release of US jobs data, including non-farm and private payrolls, alongside the US unemployment rate.
Current expectations are for the rate of US jobs growth to recede somewhat from a surprisingly strong December labour market.
December’s labour force was always expected to gain strength as businesses [...]
European Indices Spread Betting Markets Ignore Greek Talks to Push Higher
European markets have pushed higher today, shrugging off concerns about the lack of a deal on the Greece debt swap negotiations choosing instead to focus on the fact that there was a consensus of sorts with respect to the fiscal compact.
Many tribulations are likely to lie ahead but for now while negotiations continue in Athens, [...]
Gold Spread Betting: Gold Rallies on QE Tip from US Federal Reserve
Last Week in Review:
As January comes to an end, stock prices continued to gain with the Dow Jones pushing towards a three and a half year high.
European shares rose on Thursday, halting two days of losses as bond auctions took a back seat with the US Federal Reserve announcement that interest rates would remain [...]
FTSE 100 Spread Betting Market Trades Lower in Response to Negative GDP Results
The UK suffered its first contraction in GDP for a year in the last quarter of 2011, with GDP falling slightly more than expected, by 0.2% against most expectations for a fall of 0.1%.
The fall in GDP had been long expected given the headwinds facing the services sector and the breakdown of activity in the [...]
Spread Betting: Germany Set to Feel the Pressure After Italian and Spanish Downgrades
The optimism in the spread betting markets about the likelihood of a Greek debt deal at the weekend proved, as in numerous instances before it, somewhat misplaced.
On Saturday the representatives of Greece’s private creditors left Athens with no agreement being reached. It is reported that they are not willing to countenance any more than [...]
Technology Firms Lead the Dow Jones Spread Betting Market After Positive Results
Equity markets have paused for breath today after four days of gains with investors exercising caution ahead of the weekend and any news about a conclusion to the Greek debt talks, ahead of next Monday’s European finance ministers meeting.
The main gainers on the FTSE 100 today have been the telecommunications sector after Vodafone won [...]
Successful French and Spanish Auctions Boost Euro Forex Spread Betting Markets
Equity markets have been dragged up by their bootstraps today on the back of firmer banks after this morning’s French and Spanish auctions saw higher demand and lower yields. This comes as the LTRO money continued to grease the wheels of the European Banking system.
Biggest risers are Barclays, Royal Bank of Scotland and Lloyds, [...]
Euro Spread Betting Market Boosted by Successful German and Portuguese Auctions
Markets have traded broadly sideways for most of the day racked by indecision as to the next move.
News that the IMF were looking to boost their reserves by about $500bn to around $1trn saw markets push higher in the morning session. However, the move proved somewhat short-lived given that there seemed to be some [...]
Shares Spread Betting Markets Slip on Weak Italian Bond Auction and Rumours of French Downgrade
After a positive start to the morning, shares spread betting markets found gains slowly evaporate after this morning’s Italian bond auction flattered to deceive.
Despite lower yields, demand was surprisingly underwhelming with a bid to cover of 1.2, which was surprisingly low given the better than expected auction results seen the day before.
The erosion [...]