FTSE Expected to Trade Lower Ahead of UK GDP: FTSE Spreads News

Calendar January 26, 2010 | Posted by Robert

The FTSE is expected to fall on the open this morning, tracking weakness seen in Asian markets overnight.

This comes amid concerns about financial stocks, including the effect of requirements imposed by Beijing on some Chinese banks, meeting tougher reserve ratios, sparking worries about global growth.

UK GDP data expected at 9.30 will be closely eyed; the UK GDP is expected to be revised up to 0.4 percent growth, showing the UK emerging from the deepest recession for a generation.

Corporate data is also expected from Severn Trent and PZ Cussons.

Financial spread betting carries a high level of risk. You can lose more than your initial investment or stake. Financial spread betting may not be suitable for all investors. Only trade with money that you can afford to lose. Make sure you fully understand the risk involved. If necessary, seek independent financial advice.

The above comments do not constitute investment advice and neither Spreadex nor SpreadBets.org.uk accept any responsibility for any use that may be made of them.

By Simon Rossington, Spreadex.

Category Categories: Financial Markets, Spread Betting News | Tag Tags: | Comments No Comments »