Spread Bet on UK Markets
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SpreadBets.org.uk - Weekly Comment Supplied and Sponsored by paddy power trader.
For the latest update: Click here > Latest Weekly Review.
Weekly Online Spread Bet Comment, update 10 Mar 08
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
Just when it looked safe to relax, after the banks' reporting season had finished, the credit crunch reared its ugly head with a vengeance. Further problems in the corporate debt market led to a spate of margin calls and the forced sale of investments by hedge funds. Money market rates in Europe and the UK rose to their highest levels this year and credit spreads continued to widen.
In the US, record loan delinquencies and the worst employment numbers in 5 years resulted in the Federal Reserve increasing the scale of emergency funding. 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 -3.5%. However, the Far-Eastern markets suffered the additional worry of a strong Yen hitting their export markets. The Nikkei fell by 6% and the Hang Seng dropped 7.5%.
Equities Spread Bets
Perhaps it's a sign of lower expectations, but several companies impressed with better than expected results. Pearson, Schroders, John Lewis and F&C all shone, but decided now was a good time to issue cautious outlooks.
The building sector, through Balfour Beatty and Taylor Wimpey, combined excellent results with optimistic outlooks, but it's probably too late to save the latter from relegation to the FTSE 250 Index.
High flyer of the week was Premier Foods; despite cutting the dividend, as forecast, the company announced successful negotiations to ease concerns over their banking agreements. The shares rose 14% on the week.
UBS shares fell 12% on talk of the sale of a mortgage portfolio for a lot less than its current value. Investors in monoline AMBAC were pleased that a deal for additional funding had been struck, until they found out that they were the ones providing the funding! The shares fell 14% on the announcement of a $1.5 billion rights issue.
Paddy Power pleased investors with a 59% rise in full-year profits and plans for further expansion.
Forex Spread Bets
Following predictions that US rates could fall below 2% this year the Dollar fell to $1.5340 and $2.0140 against the Euro and Sterling respectively. The Euro also reached a new high against Sterling, though profit taking saw it end the week at £0.7620. Risk aversion trades helped the Yen to an 8-year high of Y101.44 against the Dollar.
Gold Spread Bets - Crude Oil Spread Bets
Commodities continued to rise, with Crude Oil spreads and Gold hitting new highs as the week progressed. Gold stopped just short of the magic $1,000 level, touching $991 before consolidating around the $975 level, a $5 rise on the week. Nymex Oil touched $106.54 for the first time, but retreated from record levels ahead of the weekend. Brent Crude finished at $102.38, up $2 on the previous week.
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Spread Bets - Economic Indicators and Company Results
Week Commencing 10 Mar 08
Monday
Economic Indicators
UK: 09.30 Producer Prices, Industrial and Manufacturing Production
EU: 07.00 German Trade Balance, 07.45 French Trade Balance and Industrial Production
US: 14.00 Wholesale Inventories
Results
UK: Bovis Homes, BRIT Insurance and Parkwood finals
IRE: Grafton final
US: Blackstone Group
Tuesday
Economic Indicators
UK: 00.00 BRC Retail Sales, 15.30 Leading Indicator
EU: 10.00 German ZEW Economic Sentiment
US: 12.30 Trade Balance
Results
UK: AMEC, Antofagasta, Cookson, Friends Provident, Greggs, Hill & Smith, John Menzies, Trafficmaster, Tullett Prebon and Weir Group finals
EU: Audi
Wednesday
Economic Indicators
UK: 09.30 Trade Balance, 12.30 Budget
IRE: 11.00 Industrial Production and Retail Sales
EU: 10.00 Industrial Production
US: 14.30 Oil Inventories
Results
UK: BPP, Costain, FCUK, Lookers, Tullow Oil, Standard Life and Yule Catto finals
IRE: Aer Lingus finals
Thursday
Economic Indicators
IRE: 11.00 CPI
US: 12.30 Retail Sales and Weekly Jobless, 14.00 Business Inventories
Results
UK: Dignity, Legal & General, Morrisons and Premier Oil finals, Home Retail trading update
Friday
Economic Indicators
EU: 07.00 German CPI, 10.00 EU CPI and Labour Costs
US: 12.30 CPI, 14.00 University of Michigan Consumer Sentiment
Results
UK: Collins Stewart, Flying Brands and Prudential finals, Carnival quarterly
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The Financial Press, what the papers said:
Last update: 10 Mar 08
A large part of the UK press over the next 7 days will be devoted to Wednesday's UK Budget. How the man with the curiously mis-matching eyebrows deals with his predecessor's poison pill (the state of the UK's accounts) is a welcome distraction from the turmoils of the markets.
The Sunday Times expects Darling to claw back revenues by turning green and also hit the nation's binge drinkers. By contrast the Independent focuses far more on the economics and in particular the future role of the UK housing market.
The Sunday Business Post previews the likely relegation candidates from the FTSE 100 premier league. The paper expects the quarterly review, based on Tuesday's closing prices, to chuck out Taylor Wimpey, Rentokil and Yell. Possible replacements are Tate & Lyle, Bunzl and Eurasian Natural Resources.
If you're long of housebuilders don't read the Observer on a full stomach. A gloomy, but interesting, piece blows the icing off the recent well-received results from Taylor Wimpey and highlights a Pandora's Box of concerns for the sector in general. These concerns centre mostly around too much debt, not enough sales and badly timed acquisitions.
Here's a welcome good news article. The Sunday Times expects Morrisons to announce bumper full-year results with a minimum £500 million share buyback thrown in for good measure. This is all likely to tie in with Sir Ken Morrison stepping down after 40 years at the helm.
As regular as 3 tons of useless supplements and a feature on the demise of English rugby is the weekend article on bank write-offs. The Telegraph reckons Europe's top banks could be in line for a further £34 billion of write downs as the credit crisis hits a new phrase. This is largely based on UBS's firesale of an ALT-A mortgage portfolio at 70 cents in the Dollar. The paper argues that sub-prime loans can no longer be valued at the 75 cents in the Dollar carried by European banks.
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"Spread Bet on UK Markets" last update by paddy powe, 10-Mar-2008
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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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