Financial Spread Betting: Spain Downgraded as Unemployment Rises
Spanish stocks suffered strong losses as trading opened in Europe after Standard & Poors downgraded Spain’s credit rating by two notches to BBB+.
The country fell last night from a previous A rating and data showed that the Spanish unemployment rate increased to 24.4 percent, pressuring Spanish stocks and pushing up bond yields.
The downgrade from [...]
Worrying Signals See Dow Jones Spreads Fail to Break Resistance Barriers
Resistance barriers holding back Bulls from higher moves
Although the declines since March have not led to a large sell-off, the stock indices do seem to be struggling to break past resistance barriers.
This could suggest we may not be out of trouble just yet. There are some worrying signs now setting up on the US [...]
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 [...]
Optimism on Shares Spread Betting Markets Aid Dow Jones Recovery
The Week in Review:
Volatility and range made a dramatic return to the spread betting markets last week followed the long Easter weekend. Ben Bernanke was once again the foe following his comments that the US economy was yet to fully recover.
The poor non-farm figure the previous week did little to help the Dow Jones [...]
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 [...]
Rallying Mining Sector Boosts FTSE 100 Spread Betting Market
The FTSE 100 bounced higher by 0.5% on Friday after a heavy three day sell off that saw the UK Index lose nearly 4% from Tuesday’s highs.
This came as investors were enticed into small bouts of bargain hunting in some of the aggressively sold stock sectors, such as the miners, whilst EU officials agreed [...]
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 [...]
FTSE 100 Index Spread Betting Market Falls amid Weak Retail Sales
Investors averted risky asset classes today and sold out of heavyweight resource and financial stocks after manufacturing data out of China, Germany and the Eurozone emphasised the slowdown of global growth.
UK retail sales also disappointed, with sales falling quicker than forecast whilst the previous month saw a sharp downward revise, keeping the pressure on [...]
Sainsbury’s Spread Betting Market Rallies on Strong Sales Growth
The FTSE 100 rebounded from weaker Tuesday trading to push tentatively back above the 5900 level helped by some muted buying back into mining and banking stocks; two stock sectors that suffered heavily in yesterday’s 1% FTSE losses.
Retailers have also been in stronger demand today, with the FTSE 350 retail sector rallying 0.63%, helped [...]