Online Spread Bets January 2009
|
|
|
SpreadBets.org.uk - Weekly Comment Supplied and Sponsored by Paddypowertrader.
Weekly Online Spread Bet Comment, update 26 Jan 09
Part 1 - Trading News - Last Week's Markets
Part 2 - Economic Indicators and Company Results
Part 3 - The Financial Press, what the papers said
Trading News - Last Week's Markets
Last week showed that the problems faced in October and November 2008 were merely postponed; they have not gone away. UK and Irish banks took a hammering as the market speculated which of them are actually bankrupt but won’t admit it. Weaker Eurozone members Spain, Portugal and Greece saw their sovereign debt downgraded, while Ireland was placed on negative watch so they may be downgraded soon too. Economic data was again disappointing as Q4 UK GDP came in at a worse than expected -1.5%.
Despite the inauguration of US President Barack Obama, indices could find little reason to cheer. The Dow Jones fell another 3.28% to 8021 with the tech heavy NASDAQ down 2.67%. In Europe, the FTSE dropped 2.49% to 4072.3 and the German DAX shed 3.65%.
Equities Spread Bets
The UK government increased their stake in RBS to 70% as the former banking giant desperately sought re-capitalisation. They ended the week down 65% at a mere 11.9. Barclays and Lloyds lost 52% and 49% respectively as the market queried whether they would be next. Funding worries for the three remaining Irish public banks saw them drop by an average of 42% too.
Forex Spread Bets
Britain’s second attempt at a bailout led to an attack on sterling from all sides. GBP/USD fell to $1.3805, its lowest level since September 1985, having lost a whopping 6.38%. EUR/GBP jumped 4.37% to £0.9405. Eurozone troubles resulted in EUR/USD falling 2.29% to $1.2984.
Crude Oil Spread Bets
Brent Crude Oil rose 2.59% to $47.59 because of recent OPEC output cuts and optimism about Obama's economic stimulus package.
Gold Spread Bets
Gold had a quiet week until a big Friday jump resulted in the precious metal up 6.95% on the week to $899.
Advert
Financial Spreads
Spread Betting - No Fees, No Commissions, Free Charts and Live Prices.
Spread Bet on Indices, Forex, Commodities, Shares and more. For details see Financial Spreads.
|
Spread Bets - Economic Indicators and Company Results
Week Commencing 26 Jan 09
The US Federal Reserve has an interest rate decision this Wednesday evening, but are considered unlikely to change rates away from their 0.25% level. US Durable Goods Orders will be released on Thursday and Q4 GDP is due on Friday with an annualised figure of -5% expected.
Q4 earnings season continues this week with market movers such as McDonalds (Monday), Pfizer (Wednesday) and Proctor and Gamble (Friday) reporting. Oil giants Royal Dutch Shell, Chevron and Exxon Mobil also release their latest quarterly earnings.
Monday
Economic Indicators
UK: Nationwide House Prices
EU: 08.00 Spanish PPI
US: 15.00 Existing Homes Sales, 15.00 Leading Indicators
Results
UK: F&C Asset Mgmt
IRE: CPL Resources
EU: Philips Electronics
US: American Express, Amgen, Caterpillar, Halliburton, McDonalds, Q Logic, Sandisk, Texas Instruments
Tuesday
Economic Indicators
EU: German European Harmonised Consumer Prices (HICP), 07.45 French Housing Starts and Permits, 08.30 Italian Consumer Confidence, 09.00 Eurozone Current Account
US: 12.45 ICSC-UBS Retail Chain Store Sales, 13.55 Redbook, 15.00 Conference Board Consumer Confidence, 15.00 Richmond Fed Manufacturing Index, 22.00 ABC News Consumer Confidence
Results
UK: PZ Cussons, Renishaw
EU: Koninklijke KPN, Siemens, Stmicroelectronics
US: Altera, Check Point Software, Corning, Du Pont, EMC, Gilead, Jacob Engineering, Nucor, Peabody Energy, RF Micro Devices, Sun Microsystems, Tellabs Inc, United States Steel, Verizon Comms, Yahoo
Wednesday
Economic Indicators
EU: 07.10 Eurozone GfK Consumer Confidence, 07.45 French Consumer Confidence, 08.30 Italian Business Confidence
US: 12.00 MBA Mortgage Applications, 15.35 Oil Inventories, 19.15 Federal Reserve Interest Rate Decision
Results
UK: BSkyB, Vedanta Resources
EU: Sap
US: AT&T, Baker Hughes, Boeing, Centex, Citrix Systems, Flextronics, Franklin Resources, Pfizer, Qualcomm, Starbucks, Symantec, Teradyne, Wells Fargo
Thursday
Economic Indicators
EU: 07.00 German ILO Unemployment Rate, 08.00 Spanish Retail Sales, 08.55 German Unemployment Rate, 09.00 Bloomberg Retail PMI France, 09.00 Bloomberg Retail PMI Germany, 09.00 Bloomberg Retail PMI Eurozone, 09.00 Eurozone M3 Money Supply, 10.00 Eurozone Consumer and Economic Confidence
US: 13.30 Initial and Continuing Jobless Claims, 13.30 Durable Goods Orders, 15.00 New Homes Sales, 15.35 Gas Inventories, 21.30 Money Supply
Results
UK: Aquarius Platinum, Astra Zeneca, EAGA, Royal Dutch Shell
IRE: Blackrock Intl Land
EU: Novo Nordisk, Autoliv, Hennes & Mauritz, SKF, Svenska Cellulosa, Royal Caribbean Cruises, Stolt-Nielsen
US: 3M Co, Altria, Amazon, AmeriCredit, Applied Micro Circuits, Broadcom, Consol Energy, Eastman Kodak, Ford, International Paper, Juniper Net, KLA Tenecor, Maxim Integrated Products, Microchip Tech, Occidental Petroleum
Friday
Economic Indicators
UK: GfK Consumer Confidence, 09.30 Bank of England Mortgage Applications, 09.30 M4 Money Supply, 09.30 Net Lending to Individuals
IRE: 11.00 Trade Balance
EU: German Retail Sales, 07.45 French PPI, 08.00 Spanish European Harmonised Consumer Prices (HICP), 10.00 Eurozone Unemployment, 10.00 Eurozone Index of Consumer Prices, 10.00 Italian PPI
US: 13.30 Employment Cost Index, 13.30 GDP, 13.30 GDP Price Index, 13.30 Personal Consumption, 14.45 Chicago PMI, 15.00 University of Michigan Survey, 15.00 Total Milwaukee Index
Results
UK: Invensys, Misys
US: Chevron, Exxon Mobil, Honeywell, Proctor and Gamble, Simon Property Group
Advert
Financial Spreads
Spread Betting - No Fees, No Commissions, Free Charts and Live Prices.
Spread Bet on Indices, Forex, Commodities, Shares and more. For details see Financial Spreads.
|
The Financial Press, what the papers said:
Last update: 26 Jan 09
The Sunday Times writes about David Blanchflower, member of the Bank of England’s monetary policy committee, who believes that UK interest rates should “obviously” head down to America’s near-zero level.
The Irish Times reports that the Irish government has reopened contact at official level with Allied Irish Banks and Bank of Ireland on the parameters of a €6 billion deal to recapitalise them.
The Irish Independent has learned that some of the country’s top executives have pledged shares worth €185 million in September as security for personal bank loans, but these shares now worth just €60 million.
As many of the world’s biggest oil companies prepare to release their forth quarter earnings, Scotland on Sunday is expecting that Shell will report a near 50% drop in their profits due to the oil price collapse.
Willie Walsh, CEO of British Airways, has thrown into doubt a merger with Iberia believing that the Spanish carrier’s market valuation was unacceptably high, according to Scotland on Sunday.
The Sunday Observer runs the story that plummeting stock market and plunging house prices have wiped out £1.2 trillion of the UK’s national wealth, meaning that every taxpayer has lost almost £40,000.
Corus, the British steel maker, is likely to cut up to 3,500 jobs reports the Sunday Times. The job losses are a result of a fall in demand from the construction and car manufacturing industries.
Advert
Financial Spreads
Spread Betting - No Fees, No Commissions, Free Charts and Live Prices.
Spread Bet on Indices, Forex, Commodities, Shares and more. For details see Financial Spreads.
|
"Online Spread Bets January 2009" last update by paddy power trader, 26-Jan-2009
Warning: 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.
Similar articles:
Live Spread Betting Prices - last update: 03-Feb-2012
Live spread betting prices, a guide to live prices including the FTSE 100, Dow, GBP/USD, EUR/USD, Gold and Crude Oil. As well as other markets there are details on where to find live spread betting prices for thousands of markets and . . . read more - Live Spread Betting Prices.
Ladbrokes Spread Betting - last update: 19-Dec-2011
Ladbrokes Financial Spreads: offers Trailing Stops and Contingent Orders on a wide range of leading indices and share prices of the UK top 100 and 250 as well as leading Irish, European, US and South African companies. It is also possible to spread bet on the futures . . . read more - Ladbrokes Spread Betting.
An Introduction to Day Trading - last update: 17-Aug-2011
There are various types of traders, of which the day trader is only one. A day trader attempts to complete all trades during the same trading day. In this introduction to day trading, we will . . . read more - An Introduction to Day Trading.
Day Trading and Spread Betting - last update: 16-Mar-2011
With typical day trading products like financial spread betting it is possible to trade stock markets indices, the foreign exchange market (forex), commodities futures . . . read more - Day Trading and Spread Betting.
Mixed Outlook for FTSE, Dow and Crude Oil - last update: 18-Feb-2011
Although the indices have been bullish recently, current developments in the financial markets may be an early warning signal. A market trend seems to be developing . . . read more - Mixed Outlook for FTSE, Dow and Crude Oil.
Financial Spread Betting Website Launches a Range of Improvements - last update: 18-Feb-2011
CleanFinancial.com, the financial spread betting website, is celebrating its fifth birthday by launching a range of improvements . . . read more - Financial Spread Betting Website Launches a Range of Improvements.
New and Improved Financial Spread Betting Website - last update: 05-Aug-2010
SpreadBets.org.uk, the financial spread betting website, has been through a major overhaul in order to provide an improved quality of service and a more . . . read more - New and Improved Financial Spread Betting Website.
Trading the Gold Futures Markets - last update: 18-Jun-2010
The price of Gold looks to be benefiting from all the doom and gloom in the headlines and the bulls will be hoping for a return to the $1,250 area soon. If you are looking to trade gold . . . read more - Trading the Gold Futures Markets.
Spread Betting on Gold at Record Highs - last update: 21-May-2010
Looking at the gold market, the metal seems to have run out of friends. Not so long ago gold achieved its record high of $1250 per troy ounce. However, that level may prove to be . . . read more - Spread Betting on Gold at Record Highs.
Hedging Against Commodity Price Increases - last update: 04-May-2010
In the UK, Petrol (Gas) at the pump is as expensive now as it has ever been. There are, of course, ways to hedge this. You could have a spread bet on the price of . . . read more - Hedging Against Commodity Price Increases.
Spread Betting on the Gold and Oil Markets - last update: 30-Apr-2010
With the economies of the world slowly climbing out of the mire, demand for crude oil is hardly likely to decrease in the short to medium term even though new technology is making . . . read more - Spread Betting on the Gold and Oil Markets.
Trading the Markets after the Financial Crisis - last update: 21-Apr-2010
Eighteen months ago every newspaper and blog was running stories on the financial meltdown. Today, in general, it looks like we have avoided . . . read more - Trading the Markets after the Financial Crisis.
Trading Gold to Rise and Fall - last update: 21-Apr-2010
Gold and spread betting go well together. Naturally, you can spread bet on markets to go up but you can also spread bet on them to go down. If you think . . . read more - Trading Gold to Rise and Fall.
Trading the Gold and Crude Oil Markets - last update: 06-Apr-2010
The gold and crude oil markets are looking difficult to predict at the moment. . . . read more - Trading the Gold and Crude Oil Markets.
Spread Bets on Crude Oil Futures - last update: 08-Apr-2010
If you spread bet on crude oil then some of the most important data that affects both the US Oil and Brent Crude Oil markets are the weekly inventories. If you had been looking at the numbers recently you would have noticed that US Crude has broken through the . . . read more - Spread Bets on Crude Oil Futures.
The Economy is Less Important than Political Power - last update: 07-Apr-2010
So the Tories are now deciding that political power is more important than the economy. The Labour party have already done this but now . . . read more - The Economy is Less Important than Political Power.
Financial Market Spread Betting News - last update: 07-Apr-2010
The Dow Jones managed a magnificent 60 point range yesterday whilst the FTSE pretty much traded the whole range in the . . . read more - Financial Market Spread Betting News.
Stock Market Indices v Barak Obama - last update: 23-Feb-2010
President Obama's oft mentioned change-for-the-better seems to be running full tilt into his waning public popularity. And, as with nearly all politicians since the dawn of time, the knee jerk reaction is to . . . read more - Stock Market Indices v Barak Obama.
Which Way to Trade the Stock Market in 2010 - last update: 18-Feb-2010
We are now well into 2010 but the stock market is looking a little jaded. We may see the leading indices like the FTSE 100 and Dow Jones move up for a few sessions but . . . read more - Which Way to Trade the Stock Market in 2010.
Spread Betting in 2010 and Reducing Your Risks - last update: 12-Feb-2010
We are now well into 2010 and putting the recession behind us. Judging from the trading activity I am seeing, many investors are learning from past mistakes and deciding to . . . read more - Spread Betting in 2010 and Reducing Your Risks.
Financial Spread Betting Markets - last update: 22-Sep-2009
The most popular trade though is a Rolling Daily Contract or Rolling Daily spread bet. These are designed as short terms trades. If they are not closed at the end of the day they simply rollover to the next day for . . . read more - Financial Spread Betting Markets.
Introduction to Financial Spread Betting - last update: 22-Sep-2009
Spread betting usually offers a large variety of markets on which to trade such as indices, foreign exchange, commodities and equities. It is also a leveraged product. This amplifies your profits on . . . read more - Introduction to Financial Spread Betting.
Online Spread Bet - last update: 10-Aug-2009
The US dollar lost some ground as improving economic sentiment dented . . . read more - Online Spread Bet.
Online Spread Bet More News - last update: 03-Aug-2009
Weekly Online Spread Betting Comment - a full run down of last week, the weekend's financial press and the week ahead . . . read more - Online Spread Bet More News.
Online Spread Bets July 2009 - last update: 27-Jul-2009
Crude Oil also underwent a significant rally as Brent Crude Oil had five straight winning days, finishing . . . read more - Online Spread Bets July 2009.
Spread Trading July 2009 - last update: 20-Jul-2009
In the Forex markets, the Dollar and the Yen retreated as their safety appeal was dulled by the improvement in equity markets. USD-JPY rose . . . read more - Spread Trading July 2009.
Spread Betting July 2009 - last update: 13-Jul-2009
The holiday season is well and truly here. The FTSE 100 ended the week 2.86% down, while the Dow Jones fared only marginally better. The German DAX also finished down . . . read more - Spread Betting July 2009.
Spread Bet July 2009 - last update: 06-Jul-2009
The negative nonfarm payrolls report benefited the 'safer' USD as traders lost their appetite for risk. EUR/USD slipped to . . . read more - Spread Bet July 2009.
Spread Trade June 2009 - last update: 29-Jun-2009
The US dollar lost some ground as improving economic sentiment dented haven demand and traders moved into the seemingly riskier Euro. EUR/USD rose . . . read more - Spread Trade June 2009.
Online Spread Bets June 2009 - last update: 22-Jun-2009
Volatility was the order of the day in the currency markets last week. The Yen was a rare bright spot, gaining a little against all pairs. The Pound was . . . read more - Online Spread Bets June 2009.
Spread Trading June 2009 - last update: 15-Jun-2009
Brent Crude Oil closed at $70.80 last week, an eight month high, as oil prices continue to benefit from . . . read more - Spread Trading June 2009.
Spread Bet June 2009 - last update: 08-Jun-2009
In Forex Spread Betting, Sterling was actually having a good week before Thursday's rating action, probing its best levels since . . . read more - Spread Bet June 2009.
Spread Betting June 2009 - last update: 01-Jun-2009
The OPEC meeting produced few surprises in terms of output (which remained unchanged), but re-iterated cartel's target price of $70-$80 by year-end. US Crude Oil surged past its 200-day average of . . . read more - Spread Betting June 2009.
Online Spread Bets May 2009 - last update: 25-May-2009
Equity markets started the week strongly, with the Dow Jones getting close to 8600 on Wednesday evening and the German ZEW confidence figures coming in at a three year high. Thursday morning brought a shock to the indices though . . . read more - Online Spread Bets May 2009.
Spread Trade May 2009 - last update: 18-May-2009
The two month indices rally finally saw a slight pull back last week. The Dow Jones fell 3.1% to 8289 while the broader, the S&P 500 finished . . . read more - Spread Trade May 2009.
Spread Trading May 2009 - last update: 11-May-2009
Money continued to move towards seemingly riskier currencies like EUR and GBP last week which hurt USD. EUR/USD rose 2.7% and GBP/USD climbed 2.2%. EUR/GBP reversed early . . . read more - Spread Trading May 2009.
Spread Betting May 2009 - last update: 04-May-2009
The FTSE 100 gained over 3% to finish the week at 4159. The Dax 30 rose 3.4% to 4747. The S+P 500 rose just under 2%, breaking the much ballyhooed 875 level. The Dow Jones rose 2.2%, as the markets . . . read more - Spread Betting May 2009.
Spread Bets May 2009 - last update: 27-Apr-2009
China revealed that it had raised its Gold reserves by over 75% since 2003 and would continue to do so. This helped the . . . read more - Spread Bets May 2009.
Online Spread Betting April 2009 - last update: 20-Apr-2009
The Dow Jones rose another 0.8% to 8136. In Europe, the FTSE climbed 2.2% to 4102 and the German DAX . . . read more - Online Spread Betting April 2009.
Spread Trading April 2009 - last update: 13-Apr-2009
EUR / USD was the big mover last week, falling 2.4% to $1.3159 with USD seeing some safe haven buying and a growing consensus that . . . read more - Spread Trading April 2009.
Spread Betting April 2009 - last update: 06-Apr-2009
World indices had another week of gains last week, with the rally being extended to nearly a month now. The Dow Jones finished up 2.85% to 8037 while the broader S+P 500 . . . read more - Spread Betting April 2009.
Spread Bets April 2009 - last update: 30-Mar-2009
World indices had another week of gains last week, with the rally being extended to nearly a month now. The Dow Jones finished up 2.85% to 8037 while the broader S&P 500 rose an even 3%. In Europe, the FTSE . . . read more - Spread Bets April 2009.
Online Spread Betting March 2009 - last update: 23-Mar-2009
For the second week running, most world indices were able to close up a bit. The Dow Jones rose 0.4% and . . . read more - Online Spread Betting March 2009.
Spread Betting March 2009 - last update: 09-Mar-2009
Another week of indices losses saw the Dow Jones (Wall St) lose 5.4% to 6683. In Europe, the FTSE shed 6.4%, the German DAX fell . . . read more - Spread Betting March 2009.
Spread Bets March 2009 - last update: 02-Mar-2009
Across the world, indices made fresh multi-year lows. Dow Jones (12-year), Irish ISEQ (14-year) and Japanese Nikkei (26 year). In the end, the Dow Jones lost . . . read more - Spread Bets March 2009.
Spread Betting February 2009 - last update: 23-Feb-2009
On renewed global equities weakness, the US dollar put in a strong performance that boosted haven demand for the US currency. But much of those gains were wiped out last Friday as the major Forex crosses . . . read more - Spread Betting February 2009.
Spread Bets News February 2009 - last update: 16-Feb-2009
Bank of England head Mervyn King announced that they would start quantitative easing which put sterling under pressure last week. GBP/USD fell 2.7% to . . . read more - Spread Bets News February 2009.
Spread Trading February 2009 - last update: 09-Feb-2009
Indices continue to hold up well near support levels despite even more dire economic data. The market must be getting used to this as last Friday's nonfarm payrolls of -598K was a lot worse than expected. The Dow . . . read more - Spread Trading February 2009.
Spread Bets February 2009 - last update: 02-Feb-2009
Sterling recovered from multi-year lows as fears over the collapse of the UK's financial system appeared over-done. GBP/USD rose almost 4.5% to $1.4420. Hints that the ECB would . . . read more - Spread Bets February 2009.
Online Spread Bets January 2009 - last update: 26-Jan-2009
EUR/GBP jumped 4.37% to £0.9405. Eurozone troubles resulted in EUR/USD . . . read more - Online Spread Bets January 2009.
Spread Betting January 2009 - last update: 19-Jan-2009
Trichet signalled that the ECB may not cut at their next meeting and this resulted in the Euro holding up well last week. EUR/GBP rose 1.78% to £0.9011 with EUR/USD falling 1.05%. Sterling had another . . . read more - Spread Betting January 2009.
Spread Trading January 2009 - last update: 12-Jan-2009
Spread Trading January 2009 >> US Crude Oil inventories increased by 6.7m barrels (forecast of +700k) last week, reflecting a collapse in US demand. Brent Crude Oil's price responded, dropping . . . read more - Spread Trading January 2009.
Spread Bets January 2009 - last update: 05-Jan-2009
Spread Bets January 2009 >> Indices tried to shrug off the negative news in the early part of last week, but succumbed under the pressure in the end. The Dow Jones finished down . . . read more - Spread Bets January 2009.
Online Trading December 2008 - last update: 29-Dec-2008
Online Trading December 2008 >> In a low volatility week, the Euro was again the strongest of the major currencies. EUR/GBP rose another 2.83% to £0.9596 and EUR/USD climbed . . . read more - Online Trading December 2008.
Spread Trade December 2008 - last update: 22-Dec-2008
Spread Trade December 2008 >> Indices soared late Tuesday evening after the interest rate cut, but gave those gains back later on in the week. The Dow Jones finished down 1.34% at 8562. In Europe, both the FTSE and the DAX . . . read more - Spread Trade December 2008.
Online Spread Bets December 2008 - last update: 15-Dec-2008
Online Spread Bets December 2008 >> Last week started brightly for indices as the tentative bear market rally continued - the Dow Jones even touched 9,000 in late Monday trading. But optimism floundered in the face of even more poor economic numbers, negative company reports and job cut announcements. Thursday then saw the collapse of . . . read more - Online Spread Bets December 2008.
Spread Betting December 2008 - last update: 08-Dec-2008
The Dow Jones daily rolling spread bet went on an 800 point rally. It finished the week at 8827, up 10% while in Europe, the FTSE spread bet gained 9.5% to 4300. In both cases these rallies meant . . . read more - Spread Betting December 2008.
Spread Bet December 2008 - last update: 01-Dec-2008
Spread Bet December 2008 >> Economic data again surprised to the downside, with the US and UK economies both shrinking by 0.5% in the third quarter. But the markets largely ignored that as the Dow Jones daily rolling spread bet went on an 800 point rally. It finished the week at . . . read more - Spread Bet December 2008.
Spread Trade November 2008 - last update: 24-Nov-2008
Spread Trade November 2008 >> Brent Crude Oil dropped to $49.69, an 8.08% fall, as prices continued to fall steadily last week. As the recession continues and demand for fuel drops, Goldman Sachs closed it $200 oil price recommendation. Gold, on the other hand, had a third week of . . . read more - Spread Trade November 2008.
Online Spread Bets November 2008 - last update: 10-Nov-2008
Online Spread Bets November 2008 >> Gold spreads fared better, rising 1.22%. Its price has ranged over the past three weeks without . . . read more - Online Spread Bets November 2008.
Spread Betting November 2008 - last update: 10-Nov-2008
Spread Betting November 2008 >> In fact the FTSE 100 finished Thursday down 5.24% after the surprisingly large slash of rates. Earnings misses are continuing to spook the markets with many companies announcing significantly lower . . . read more - Spread Betting November 2008.
Spread Bets November 2008 - last update: 03-Nov-2008
There are plenty of UK earnings out this week to keep traders occupied. Reports that will be making the headlines will come from the likes of Vodaphone . . . read more - Spread Bets November 2008.
Spread Trade October 2008 - last update: 27-Oct-2008
World indices continued their hugely volatile trading last week. The Dow Jones ranged at least 300 points every day last week and finished 5.12% lower at 8300. It was a similarly bad week in Europe as the FTSE lost 5.08% and the Dax 30 lost . . . read more - Spread Trade October 2008.
Online Spread Bets October 2008 - last update: 20-Oct-2008
Brent Crude Oil tumbled a further 11.05% last week amid a volatile range of 1600 points from its high to its low. Its price is now $69.64, less than half its level only 3 months ago. Gold is now being sold off as traders are . . . read more - Online Spread Bets October 2008.
Spread Bets October 2008 - last update: 13-Oct-2008
All the major indices had five straight losing days, with no mini-rally lasting longer than a couple of hours. The Dow Jones lost a jaw-dropping 19.75% to close at 8294. That is 41.57% lower than its peak exactly one year ago. The FTSE collapsed 15.60%, the DAX shrunk . . . read more - Spread Bets October 2008.
Spread Betting News - October 2008 - last update: 06-Oct-2008
Spread Betting News >> In FX spread betting the European banking crisis and inevitable future rate cuts resulted in the Euro and Sterling weakening against the US Dollar last week. EUR / USD lost . . . read more - Spread Betting News - October 2008.
Spread Bets News - October 2008 - last update: 29-Sep-2008
Spread Bets News - October 2008 >> With no bailout plan agreed, the Dow Jones finished down 1.80% and the FTSE 100 down 4.20%. The NASDAQ lost 3.41% and the German DAX fell 1.98% . . . read more - Spread Bets News - October 2008.
Spread Betting News - September 2008 - last update: 22-Sep-2008
Spread Betting News - September 2008 >> Commodities were also extremely volatile with Brent Crude Oil trading in a range of under $90 to over $100. It finished with a . . . read more - Spread Betting News - September 2008.
Spread Bets - September 2008 - last update: 15-Sep-2008
Spread Bets - 2008 >> Commodities were also extremely volatile with Brent Crude Oil trading in a range of under $90 to over $100. It finished with a 1.29% gain. Gold added $88 last Thursday, its largest ever one day Dollar gain. It closed . . . read more - Spread Bets - September 2008.
Spread Trading September 2008 - last update: 08-Sep-2008
Spread Trading - September 2008 >> Last Friday saw the recent Dollar rally hit a huge roadblock, GBP / USD gained over 2% that day and added 1.71% on the week. The Euro had a bad week on the back of poor economic forecasts from the ECB. EUR / USD gained a mere 0.13% and EUR / GBP slipped well . . . read more - Spread Trading September 2008.
Spread Betting - September 2008 - last update: 01-Sep-2008
Spread Betting - September 2008 >> Nearly half the Irish companies on the ISEQ reported first half earnings last week and Irish Life & Permanent were the clear winners. Their profits of € 300 million beat expectations and led to a 20.1% gain on the week. At the other end . . . read more - Spread Betting - September 2008.
Spread Bets Trading Info - August 2008 - last update: 25-Aug-2008
Spread Bets Trading Info - August 2008 >> Instead commodity prices and the financial crisis pulled the strings. Commodity and mining stocks in particular had a strong week, with Rio Tinto gaining 11.6%. However financials . . . read more - Spread Bets Trading Info - August 2008.
Spread Betting News and Info - August 2008 - last update: 18-Aug-2008
Spread Betting News and Info - August 2008 >> Despite an escalation in the Russian-Georgia conflict, Commodities continued to fall. Further Dollar strength, and increasing fears of slower growth, destroyed the gold price. Over the week the precious metal dropped a massive $70, breaking below the key support level at . . . read more - Spread Betting News and Info - August 2008.
Spread Bets News - August 2008 - last update: 11-Aug-2008
Spread Bets News - August 2008 >> Commodities tumbled this week due to deteriorating growth prospects in world economies. Oil markets took the worst beating as Crude lost 8.9%. Less than a month after touching $146, Brent Crude is now barely over $113. Gold did not fare much better, as it lost 5.9% to close at $856.70. Technically, it now stands at a . . . read more - Spread Bets News - August 2008.
Spread Betting News - August 2008 - last update: 04-Aug-2008
Spread Betting News - August 2008 >> Amongst financials Merrill Lynch epitomised the craziness. On Monday it fell 12% and on Tuesday another 9.5% before rebounding 8% before Tuesdays close. The reason: they revealed they were selling $30.6bn worth of CDOs for just $0.22 . . . read more - Spread Betting News - August 2008.
Online Spread Trading July 2008 - last update: 28-Jul-2008
Online Spread Trading July 2008 >> Equity markets began the week in good spirits. Corporate earnings were generally better than expected and a rally in oil and gold failed to attract any enthusiasm. However Thursday brought a harsh dose of reality in the form of weak economic numbers across the globe. In the UK, retail sales . . . read more - Online Spread Trading July 2008.
Spread Betting July 2008 - last update: 21-Jul-2008
Spread Betting July 2008 >> There had already been signs of a wobble in the Crude Oil price before Bernanke expressed his concern about weaker growth. But this speech, followed by Wednesdays report of far larger stocks of oil, and combined with Thursdays option expiry smashed the oil price. Brent Crude ended the week down $14 at $130.19, a fall of 10% on the week. Gold held its new trading range, and moved above $980 on Tuesday. But the collapse in . . . read more - Spread Betting July 2008.
Spread Bets July 2008 - last update: 14-Jul-2008
Spread Bets July 2008 >> The US Dollar and Sterling both fell against the Euro as their economies looked to be weakening at a faster rate. The FTSE closed down 2.8% at 5261, the Dax -1.9% at 6153. In the US the S&P closed -1.9% at 1239 and the Dow -1.7% at 11100, after dropping below 11000 earlier in the day. In the Far East the Nikkei . . . read more - Spread Bets July 2008.
Online Spread Bet July 2008 - last update: 07-Jul-2008
The Dow and S&P fell by 0.5% and 1.2% respectively, compared to falls of 2.3% on the FTSE and Nikkei, and 2.1% on the Dax. Emerging markets bore the brunt of the selling with falls of 4-6%. The Dow Jones is now officially a bear market. The FTSE 100 has so far survived by only . . . read more - Online Spread Bet July 2008.
Spread Trading News - June 2008 - last update: 30-Jun-2008
Spread Trading News - June 2008 >> Equity markets around the world were hit by fears of yet more write-downs in the banking sector and signs that the crisis was starting to affect the real economy. As Fortis and Barclays both announced they were raising capital, Goldmans downgraded Citigroup and Merrills, sending their shares 10% lower on the week. On Thursday rumours that Chrysler was seeking protection from its creditors sent the markets into a tailspin. Crude Oil rose to a new record high, and the Dollar fell, as the president of OPEC said that he could see oil at $170 this summer. A flight to safety also saw gold gain ground. US equities led the way down, stopping just short of a 20% fall from the peak that signifies a bear market. The Dow fell by 4.2%, the S&P by 3%. In Europe the DAX was -2.4% and FTSE . . . read more - Spread Trading News - June 2008.
June 2008 Spread Bet - last update: 23-Jun-2008
June 2008 Spread Bet >> First out of the blocks will be the markets reaction to the outcome of the Jeddah meeting on Crude Oil. On Wednesday the US Federal Reserve will announce any change in interest rates, but no change is expected. There are bags of sentiment surveys spanning the major economies; it is hard to imagine that any of them will be jolly, but just how bad they are might depend on the cut-off date. Nationwide House Prices and . . . read more - June 2008 Spread Bet.
June Spread Bets - last update: 16-Jun-2008
June Spread Bets >> Brent Crude dropped around $4 on the week, finishing at $134.25 and the Euro ended the week at EUR-USD $1.5380 and EUR-GBP £0.789. Elsewhere the Dax 30 fell by 0.6% and FTSE 100 fell by 1.8%. But Asia . . . read more - June Spread Bets.
Spread Trading June - last update: 09-Jun-2008
Spread Trading June >> Due to the weak US Unemployment numbers the Dow ended the week 3.3% down. The FTSE and The DAX were effected by the US and ended 3% and almost 5% down respectively while the Nikkei ended 2.2% down on the week. Brent Crude Oil hit a record $138.54 on . . . read more - Spread Trading June.
Spread Betting June - last update: 02-Jun-2008
Spread Betting June >> The FTSE finished the week 0.6% lower. By contrast, the Dax ended the week 2.2% higher, the S&P rose 1.8% and the Dow +1.3%. The Nikkei, benefiting from a weaker Yen, also rose by 2.3%. A bad week for the Euro as the plague of slowing . . . read more - Spread Betting June.
Online Spread Trading May 2008 - last update: 26-May-2008
Online Spread Trading May 2008 >> The mini-bubble burst in equity markets as investors picked up on the dilemma facing central banks; with inflation above target and still rising, banks could not cut rates to stimulate growth in the economy. Equity indices plummeted from Mondays 4-month highs with the Dow falling by nearly 4% on the week. The S&P and FTSE fell by 3.5% and the Dax by 3%. The Nikkei 1.5% fall was . . . read more - Online Spread Trading May 2008.
Online Spread Betting May 2008 - last update: 19-May-2008
Online Spread Betting May 2008 >> In Commodities, Oil pushed ahead to another new high of $127.82. This was mainly on fears that China would step up demand for fuel after the earthquake damaged several hydro-electric power plants. Late on Friday the price fell back on news that the Saudis would . . . read more - Online Spread Betting May 2008.
Spread Trading May - last update: 12-May-2008
Spread Trading May >> Oil set new record highs each day last week. A warning from Goldman Sachs that oil could hit $200 resulted in heavy buying of options to purchase oil at that level in December 2008. OPEC did not help matters, blaming speculators, rather than a lack of supply, for the recent jump in prices. Brent Crude finished the week $10 higher at $125.4. Gold held the $950 support level and bounced $26 on the . . . read more - Spread Trading May.
Spread Betting May - last update: 05-May-2008
Spread Betting May >> BP and Royal Dutch Shell benefited from the soaring oil price, but their US counterpart, Exxon Mobil failed to meet expectations. The better mood was reflected in equities rising to their highest levels since early January. Indices in the US and Japan rose by around . . . read more - Spread Betting May.
Spread Trading Online April - last update: 28-Apr-2008
Spread Trading Online April >> In Commodities Spread Betting, Oil continued to move higher, almost touching $120. Growing concerns over disruption to supplies peaked on Friday when news of shots being fired on an Iranian ship sent oil up by $3. Brent Crude Oil ended the week $3 higher at $116.34. The stronger Dollar saw gold . . . read more - Spread Trading Online April.
Online Spread Betting April - last update: 21-Apr-2008
Equity markets had their best collective week for some time. The FTSE was the lazy laggard, rising 'only' 2.7%; the DAX fared better with a 3.6% rise. The S&P and Dow saw gains of 4.3% and the Nikkei rose by around 5.5%. Looking at equities spread bets Royal Bank of Scotland stole the show with rumours of a . . . read more - Online Spread Betting April.
Spread Trading April - last update: 14-Apr-2008
Spread Trading April >> The equity market elastic finally snapped, or more accurately was cut by a pair of General Electric scissors. For much of the week, equities ignored worsening economic and corporate data and a gloomy outlook from the International Monetary Fund. Confidence numbers in the UK and US hit record lows and HBOS announced that UK . . . read more - Spread Trading April.
Spread Betting April - last update: 07-Apr-2008
Spread Betting April >> Markets opened lower as first UBS, and then Deutsche Bank warned of further write-downs. First Direct halted mortgage lending to non-customers and Lehman Brothers announced it was seeking at least $3 billion of funding. However, the early fall in prices was met with strong demand as traders . . . read more - Spread Betting April.
Spread Trading March - last update: 31-Mar-2008
Spread Trading March >> Equities had a great start to the shortened week, with banks continuing to grabbing the headlines. JP Morgan bumped up their offer for Bear Stearns and investors took this to as a cue to revalue of the sector. Closer to home it became more apparent that rumours of HBOS being trouble were false; re-assurance came from HBOS staff spending £6m on their own . . . read more - Spread Trading March.
Spread Trading Market Update - last update: 24-Mar-2008
Spread Trading Market Update >> Incredibly, US equity markets were barely changed on the week, but Europe suffered worse with the FTSE and Dax both falling by around 1%. Once again, the Nikkei took a big hit, falling by over 4% as the Yen hit a 12-year high against the . . . read more - Spread Trading Market Update.
Spread Betting Market Information - last update: 17-Mar-2008
Spread Betting Market Information >> Bingo! Gold smashed through the $1,000 barrier. The continuing collapse of the Dollar, together with contrasting fears of both higher inflation and collapsing asset prices, saw investors scrambling for safety. Both Crude Oil and gold benefited from their *safe haven status*. Gold ended up
. . . read more - Spread Betting Market Information.
Spread Bet on UK Markets - last update: 10-Mar-2008
Spread Bet on UK Markets >> Just when it looked safe to relax, after the banks reporting season had finished, the credit crunch reared its ugly head with a vengeance. As markets priced in a 0.75% cut in US rates at the March meeting the Euro, gold and oil all hit record highs. The main equity indices in the US and Europe fell by around 3% with the Dax faring slightly worse at
. . . read more - Spread Bet on UK Markets.
Spread Trading UK Markets - last update: 03-Mar-2008
Spread Trading UK Markets >> How fortunes change over a few hours in the stock markets. By Tuesday the FTSE Index was 250 points higher than the previous Fridays close. There was even talk of the worst being behind us. The growing conviction that European interest rates would, at best, remain unchanged whilst US rates would continue to fall boosted the Euro. Traders piled in, pushing the Euro to . . . read more - Spread Trading UK Markets.
UK Spread Betting - last update: 18-Feb-2008
Once again results were dominated by the financial sector. UBS announced a further record loss and Bradford and Bingley's results were worse than expected. Credit Suisse played an excellent poker hand, combining a 72% fall in profits with the confidence to increase its dividend. American Insurance Group said that due to material weaknesses in their loan valuations, losses would rise from $1 billion to $5 billion. Bank of Ireland warned that . . . read more - UK Spread Betting.
Spread Betting Websites - last update: 11-Feb-2008
The week ended with the FTSE, Dow and S&P all falling by over 4%, but the Dax and Nikkei faring slightly better at -2.9% and -3.6%. The Euro provided the main thrills for forex traders. Despite no change in European interest rates, many traders interpreted the central bank's statement as a sign . . . read more - Spread Betting Websites.
Spread Bet Feb 2008 - last update: 04-Feb-2008
Despite worsening economic news equities finished the week in fine form with FTSE 100 +2.7%, Dax 30 +2.2%, Dow +4.4% and S and P 500 +4.9%. The 1% fall in the Nikkei was partly due to its different trading hours. Microsoft stole the headlines with its $45 billion bid for Yahoo. Further sub-prime write-downs saw a record loss for UBS and a $2.3 billion loss for bond insurer MBIA. Friends Provident's . . . read more - Spread Bet Feb 2008.
Online Financial Trading - last update: 28-Jan-2008
Societe Generale took the headlines with its announcement of a record £3. 7bn fraud by a rogue trader. Further sub-prime losses were reported by Bank of America, Wachovia and Ambac. In the FX markets the Yen continued to strengthen, hitting a 2.5 year high of Y105.63 against the Dollar on . . . read more - Online Financial Trading.
Online Spread Trading - last update: 21-Jan-2008
US banks took the headlines again with Citigroup, Merrill Lynch and Wells Fargo recording losses of mind boggling size, accompanied by a mixture of dividend cuts and announcements of overseas funding. Comments from members of the European Central Bank suggesting a move towards lower rates caused the Euro to fall in value. The EUR/USD rate fell to $1.462 and EUR/GBP to £0.7480. Risk aversion trades saw the . . . read more - Online Spread Trading.
Spread Trading - last update: 17-Dec-2007
After last week's higher than expected inflation figures in both the US and Europe, numbers from the UK are keenly awaited. Also of interest will be the minutes from the Bank of England's last meeting when they voted (surprisingly) to cut rates, and retail sales . . . read more - Spread Trading.
Online Spread Betting - last update: 10-Dec-2007
Royal Bank of Scotland was the latest bank to report smaller sub-prime write-downs than the market expected and AIB pleased investors with an upbeat statement. House builders reacted well to the UK rate cut with rises of 7-9%, but Irish group Abbey saw a fall in first half profits and warned that it might need to review its dividend policy . . . read more - Online Spread Betting.
Spread Betting December - last update: 03-Dec-2007
Net moves on the week saw the Dax unchanged, FTSE -0.5%, Dow -1.5%, S&P -1.2% and Nikkei -1.8%. Financial firms across the market saw massive falls as US stalwart Freddie Mac warned that it would need to raise capital, possibly by slashing its dividend. In the forex market, the EUR USD cross briefly reached a new high of . . . read more - Spread Betting December.
Spread Betting November 2007 - last update: 26-Nov-2007
After a strong finish to equity markets on Friday, attention will return to the effects of the credit crunch, with the banks' reluctance to lend to one another causing money rates to continue rising. The European Central Bank has pledged to inject emergency funds into the money markets. Keep an eye on key confidence figures from the main . . . read more - Spread Betting November 2007.
Spread Bet Website - last update: 12-Nov-2007
Across markets the falls ranged from a barely changed Dax ?0.5% to the harder hit Asian markets with the Nikkei and Hang Seng falling by 5.5%. The FTSE and S&P fell by around 3.5% with the Dow faring worse at ?4.1%. Financials dominated the news flow with Wachovia declaring a $1.1 billion sub-prime related loss for October alone and Barclays denying further rumours . . . read more - Spread Bet Website.
Online Spreads - last update: 05-Nov-2007
Once again the week ended with record highs in oil, gold and EUR/USD as sub-prime jitters returned to take the gloss off the equity markets. The Hong Kong and Indian exchanges reached new highs at the start of the week, but equities finished on a low note with FTSE ?2.0%, Dow ?1.5%, S&P ?1.7% and Dax ?0.3%. The Nikkei held up better at +0.1%. . . . read more - Online Spreads.
Spread Bet Online - last update: 29-Oct-2007
After a strong finish to equity markets on Friday, attention will return to the effects of the credit crunch, with the banks' reluctance to lend to one another causing money rates to continue rising. The European Central Bank has pledged to inject emergency funds into the money markets, until the end of the year if . . . read more - Spread Bet Online.
Spread Bet News - last update: 22-Oct-2007
Just a week after record highs in equity markets investors decided to celebrate the anniversary of the stock market crash of 1987 by knocking 360 points off the Dow on Friday. Rising oil prices, some shocking company results and further concerns over a slump in both the US and UK housing markets sent traders . . . read more - Spread Bet News.
|
|
|
Free Financial Email: Latest Spread Betting Offers and where to find narrow spreads.
Click here to sign up.
|
|
