Investors Wait for the Markets to Cool
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A quick commet on the spread betting markets, supplied and sponsored by Spreadex.
Spread Betting Comment - 22 January 10 - 8:25pm
President Obama’s words are still very much hanging over the market this morning as the UK banks took a tumble at the open.
The Conservatives have already said they would mirror any action taken by the US administration, so investors concerned that a big source of revenue may eventually be cut off.
Obviously the markets have taken this badly, seeing it as political manoeuvring by the Democrats in light of this weeks humbling loss in Massachusetts.
China potentially raising interest rates, in order to slow growth down, is also still weighing on the markets so we will end the week on a lacklustre note.
Investors have been waiting for a while for UK markets to cool down after the recent rally but we are still seeing money waiting hesitantly on the sidelines.
Spread betting account holders seem to be a touch rattled by this weeks movements and are still hesitating to jump in.
By Arifa Sheikh-Usmani
Spread Betting Comment - 22 January 10 - 7:15am
The FTSE is due to open 22 points lower this morning after a large sell off in the Dow last night which followed President Obama’s new bank plans.
President Obama plans to limit the size of the banks and impose restrictions on banks using their own money in investments.
Asia continued the slide with a weak overnight session on continued concerns about China.
By Simon Rossington
Spread Betting Comment - 21 January 10 - 8:30am
There has been a partial recovery in the markets this morning as the Dow Jones recouped some losses last night and Chinese GDP came in as strongly as expected.
We have already seen some profit taking this morning from traders looking to take a quick turn on the back of yesterday’s weakness.
Investors will be waiting for corporate earnings today, with highly anticipated figures from Goldman Sachs and Google.
However, expectations will already be pretty high so Dow futures may trade pretty flat until the Goldmans figures are released.
The Dollar continues to rally against Sterling with many clients backing it to remain strong for a while longer yet.
By Arifa Sheikh-Usmani
Spread Betting Comment - 20 January 10 - 7:40am
Despite the gains seen on Wall Street last night, the FTSE is tipped to open broadly flat, if not down a few points.
This can be explained by the weaker sessions overnight in Asia, as well as investors taking profits before looking to see what comes out of the BoE’s minutes at 09.30.
There are also earnings reports from Bank of America, Bank of NY, Morgan Stanley, State Street, US Bancorp and Wells Fargo.
In other economic news, the UK November Average Earnings and Unemployment figures are due at 09.30 and the US December PPI is at 13.30.
By David Rees
Spread Betting Comment - 18 January 10 - 4:10pm
The FTSE has been gaining strength all afternoon as a strong performance from the mining stocks bolsters the market.
Light crude is also trading a touch higher which has also boosted the energy sector.
The biggest news this afternoon is the statement from International Power which confirmed talks with GDF Suez have terminated.
This saw a raft of panic profit taking and sent the stock into a limit down auction.
Futures volumes are also fairly thin today because of the US holiday.
By Arifa Sheikh-Usmani
Spread Betting Comment - 18 January 10 - 7:35am
Traders are expecting a relatively muted day on the markets owing to the US holiday, however, a lot of focus will be on the situation involving Greece.
This has started to look rather ominous and it seems that Greece is heading for a crisis that will seriously test the strength of the Eurozone and the Euro.
It is uncertain whether the Eurozone has the stability to resist this, since a default by Greece could signal an increase in pressure on other member states via increased borrowing costs.
If one member is allowed to fall will it bring others with it?
Is there still a sense of the 'collective responsibility' within the Eurozone, basically will Germany step in? These are all questions which need to be answered soon.
By Robert Pike
These comments do not constitute investment advice and neither Spreadex nor SpreadBets accept any responsibility for any use that may be made of them.
Article approved / provided by Spreadex which is authorised and regulated by the Financial Services Authority, register number 190941.
"Investors Wait for the Markets to Cool" last update by Spreadex, 22-Jan-2010
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