Strong US ISM Figure Sees Shares Spread Betting Markets Rally
With most of Europe closed for the May Day holiday, volumes have been fairly light in the UK with markets drifting higher in the morning session, despite disappointing UK manufacturing data suggesting that growth continues to slow down.
The afternoon catalyst for the rest of today’s gains was the better than expected ISM number out [...]
Spread Betting Investors Sell Risk Assets amid Growing Political Concerns
The Week in Review:
There were various factors causing a drag on European equities last week preventing Europe from riding on the coattails of impressive US earnings.
Most governmental elections cause a stir in the markets so when President Sarkozy was defeated in the first round of the French Presidential Elections, spread betting investors became concerned [...]
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 [...]
Increase in Rebellious FOMC Members to Weaken EUR/USD Forex Spreads
Apple jumps $40 on strong earnings, after testing its 55-day moving average for the first time since Dec 20, the day when the ECB announced its LTRO-1.
Will today’s jump coincide with more dovish central bank action such as today’s FOMC statement?
The 2 most important items drawing immediate market scrutiny in today’s FOMC statement/projections are [...]
Shares Spread Betting Markets Rebound amid Clean European Auctions
In a much more subdued trading session, markets have stabilised and pulled back some of yesterday’s losses as investors turn their attention back to company earnings.
This came after this morning’s European bond auctions got away without too many hitches.
UK Markets
The biggest gainer in London has been hedge fund Man Group bouncing back strongly [...]
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 [...]
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 [...]
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 [...]
FX Spread Betting: EUR/USD to Fall Should ECB Withhold Stimulus
Yesterday’s EUR/USD 1.5 cent rebound from the $1.2970s low in the face of surging Eurozone spreads is said to be reflecting possible liquidation by European banks unloading US assets to relieve an ensuing shortage of US dollars.
Other explanations were attributed to the IMF buying Irish and Portuguese bailout tranches during the late European trading [...]