Articles from December 2009

Index Markets and Dollar Looking Strong

Market report 06.00 GMT Will it be another lost decade? The US Dollar was the currency of choice again yesterday with solid gains against the euro, pound and Aussie dollar. This dollar strength wasn’t good news for Gold investors, with the precious metal sinking to its lowest level since the start of November. This morning [...]

FTSE Opens Positively: Financial Spread Betting Update

A slightly better open than spread betters anticipated with the FTSE managing to stay in positive territory in the first half hour of trading. No sector in particular is standing out, though an upgrade on UK house builders by Citigroup is helping to hold them above water. Punch Taverns released an unremarkable trading update warning [...]

Greek Credit Rating Concerns Market Ahead of UK Pre-Budget Report

A weak days trading on Wall Street and serious concerns about Greece’s public finances and Dubai’s debt restructuring ensured London ended deep in the red Tuesday Fears over the solvency of Greece reached new levels after Fitch downgraded its outlook on the country by one rating to ‘negative’. Fellow ratings agency Standard & Poor’s has [...]

US Non Farm Results Surprise Financial Markets

We have seen a very good US Non Farm number that the market was not factoring in at all. Given the huge amount of surprise in the figures it would be too early to say that the recovery is filtering through to the job market just yet. This is especially true given that temporary and [...]

Commodity Prices Boost FTSE 100 Index: Spread Betting News

As commodity prices push higher overnight, the FTSE gets a pretty strong start this morning. We are expecting a fairly busy day in terms of economic data with UK PMI, Eurozone GDP and retail sales, US weekly jobless claims and non manufacturing ISM all published today. Investor sentiment on the back of these figures will [...]

FTSE Bounces After Dubai Debt Restructuring Plan: Index Spread Betting News

A strong start to the FTSE this morning as markets overnight traded higher, as Dubai fears ease with the announcement of a $26bn debt restructuring plan from Dubai World. The biggest gainers this morning are in the banking sector which was one of those hardest hit by the news from the Middle East. Investors will [...]