Spread Betting Market News
|
|
|
The daily report on the spread betting markets looking at the main stock market indices, a focused report on the spread betting markets in the UK and a broader review of the recent moves in the commodities and forex markets.
For today's news see Spread Betting Markets.
Spread Betting Markets - 22 May 2012
|
- FTSE 100 gained 0.7% to settle at 5,304.5.
- FTSEurofirst 300 index added 0.5% to 975.0.
- DJIA gained 1.1% to close at 12,504.5.
- NASDAQ surged 2.5% to settle at 2,847.2.
- S&P 500 soared 1.6% to end at 1,316.0.
- Nikkei 225 index is trading 1.0% higher at 8,718.6.
- In Asia, crude oil for June delivery is trading 0.1% or $0.09 higher at $92.66 per barrel.
- At 0400 BST today, the GBP is trading 0.1% lower against the USD at $1.5816, marginally higher against the EUR at €1.2360, 0.1% lower against the JPY at ¥125.54.
- For more on trading stock market indices see spread betting on indices.
- UK markets closed higher yesterday, with the FTSE 100 spread betting index ending its five-days losing streak, following supportive statements from the G-8 leaders about Greece staying in the Eurozone.
- Vedanta Resources jumped 5.2%, to lead the gainers on the FTSE 100 index.
- Rio Tinto, Glencore International, Xstrata and Polymetal International gained between 1.3% and 3.6%, following Chinese Premier, Wen Jiabao’s assurance to support the country’s growth policies.
- BG Group and Tullow Oil gained 1.2% and 2.8%, respectively, as crude oil prices rebounded after six days of declines.
- Man Group climbed 4.7%, as it agreed to acquire research and investment specialist, Financial Risk Management Holdings.
- Barclays added 2.2%, as it expressed its intention to dispose its entire $6.1 billion stake in BlackRock.
- WPP added 1.1%, as it revealed that it had acquired a stake in Myanmar's Today Advertising.
- FTSE 100 gained 0.7% to settle at 5,304.5, while FTSE 250 advanced marginally to close at 10,435.5.
- Miners, Vedanta Resources, Polymetal International and Xstrata rose 5.2%, 3.6% and 3.1%, respectively, following Chinese Premier, Wen Jiabao’s assurance to support the country’s growth policies.
- Man Group gained 4.7%, after it agreed to buy global hedge fund and research investment specialist FRM Holdings.
- Banking stocks, RBS and Standard Chartered, climbed 4.1% and 3.3%, respectively, as risk appetite increased among investors.
- Fresnillo lost 2.9%, in line with a fall in silver prices.
- For more on trading UK shares see spread betting on UK shares.
- At 0400 BST today, the GBP is trading 0.1% lower against the USD at $1.5816, marginally higher against the EUR at €1.2360, 0.1% lower against the JPY at ¥125.54.
- The EUR is trading 0.2% lower against the USD at $1.2792.
- The EUR is trading 0.2% lower against the JPY at ¥101.54.
- The EUR is trading lower against most of its major peers, amid speculation that a report due to be released might show that consumer sentiment in the Eurozone slid to a four-month low.
- The NZD is trading higher against the USD, as a rise in Asian equity markets increased the demand for high yielding assets.
- Yesterday, the JPY closed lower against most of its major peers, amid speculation that the Bank of Japan would add to stimulus measures this week to support the country’s economic growth.
- The EUR closed higher against the USD, after German Finance Minister, Wolfgang, stated that Germany and France would do “everything necessary” to keep Greece in the Eurozone.
- The currency also gained value after the Chinese Premiere pledged to bolster the country’s growth.
- For more on trading the forex markets see forex spread betting.
- Gold for immediate delivery is trading 0.2% lower today, at $1,591.30 per ounce.
- Gold for June delivery eased 0.2% or $3.20 to $1,588.70 per ounce yesterday, as the dollar rose against the euro.
- This came amid lingering concerns about the Greek debt crisis as the G-8 leaders failed to announce steps to prop up growth and help ease the strain in Europe's financial system.
- In Asia, crude oil for June delivery is trading 0.1% or $0.09 higher at $92.66 per barrel.
- Yesterday, crude oil for June delivery rose 1.2% or $1.09 to $92.57 per barrel, on hopes of higher economic stimulus in China and as the G-8 nations reaffirmed their support for Greece to stay in the euro area and to maximize economic expansion.
- Crude oil also rose following positive comments from Goldman Sachs and ahead of the meeting between Iran and other nations to discuss about Iran’s nuclear program and imminent international sanctions.
- For more on commodities trading see commodities spread betting.
|
Warning - as only a small percentage of the total contract value is required as deposit, it is possible for your losses to rapidly and substantially exceed that deposit. Seek advice if you do not fully understand the risks. Spread bets and CFDs carry high risk and are not suitable for everyone.
The above comments do not constitute investment advice and neither ETX Capital nor SpreadBets.org.uk accept any responsibility for any use that may be made of them.
Advert
ETX Capital Spread Betting - No Fees, No Commissions, Free Charts and Live Prices.
Spread Bet on Indices, FX, Shares, Commodities, ETFs, Sectors and more. For details see ETX Capital.
|
Spread Betting Markets - 21 May 2012
|
- FTSE 100 shed 1.3% to settle at 5,267.6.
- FTSEurofirst 300 index declined 1.1% to 970.2.
- DJIA shed 0.6% to close at 12,369.4.
- NASDAQ tumbled 1.2% to settle at 2,778.8.
- S&P 500 slipped 0.7% to end at 1,295.2.
- Nikkei 225 index is trading 0.3% higher at 8,633.9.
- In Asia, crude oil for June delivery is trading 0.4% or $0.36 higher at $ 91.84 per barrel.
- At 0400 BST today, the GBP is trading 0.1% higher against the USD at $1.5829, marginally lower against the EUR at €1.2368, 0.2% higher against the JPY at ¥125.27.
- For more on trading stock market indices see spread betting on indices.
- UK markets extended their losses for the fifth straight day, closing lower on Friday, as worsening debt crisis in Europe and signs of a slowdown in China, weighed on market sentiment.
- Broadcaster, ITV dropped 3.7%, as HSBC assigned an “Underweight” rating to the stock.
- In shares spread betting, Lloyds Banking Group, the top decliner on the FTSE 100 index, dropped 6.2%, while Barclays and Royal Bank of Scotland retreated 3.2% and 5.1%, respectively, amid concerns over their exposure to Spain and the rest of Eurozone.
- Miners, BHP Billiton, Anglo American, ENRC, Rio Tinto, Vedanta Resources and Xstrata dropped between 1.2% and 4.3%, after China’s State Information Centre forecasted a slowdown in the country’s economy for the second quarter.
- Man Group declined 4.1%, after Standard & Poor's downgraded the stock to “Negative” from “Stable”, while Burberry Group slipped 4.2%, amid concerns over its Chinese exposure.
- FTSE 100 shed 1.3% to settle at 5,267.6, while FTSE 250 tumbled 1.5% to close at 10,431.9.
- Precious metal stocks, Polymetal International, Fresnillo and Randgold Resources climbed between 0.8% and 2.8%, in line with a rise in gold and silver prices.
- BG Group gained 1.0%, after a broker upgraded its rating on the stock to “Buy” from “Add”.
- BT Group edged up 0.7%, after a broker upgraded the stock from “Hold” to “Buy”.
- Broadcaster, ITV dropped 3.7%, as HSBC assigned an “Underweight” rating to the stock.
- Royal Bank of Scotland and Lloyds Banking Group dropped 5.1% and 6.2%, respectively, amid concerns over their exposure to Spain and the rest of Eurozone.
- Miners, ENRC and Xstrata declined 3.4% and 4.3%, respectively, after China’s State Information Centre forecasted a slowdown in the country’s economy for the second quarter.
- Burberry Group slipped 4.2%, amid concerns over its Chinese exposure.
- Man Group declined 4.1%, after Standard & Poor's downgraded the stock to “Negative” from “Stable”.
- For more on trading UK shares see spread betting on UK shares.
- At 0400 BST today, the GBP is trading 0.1% higher against the USD at $1.5829, marginally lower against the EUR at €1.2368, 0.2% higher against the JPY at ¥125.27.
- The EUR is trading 0.1% higher against the USD at $1.2795.
- The EUR is trading 0.3% higher against the JPY at ¥101.26.
- The EUR is trading higher against most of its major peers, after the leaders of the G8 nations pledged to keep Greece in the Eurozone.
- Earlier, the EUR was trading lower, amid speculation that a data due to be released would show consumer confidence in Eurozone dropped to a four-month low in May.
- The JPY is trading lower against most of its major peers, ahead of BOJ officials’ two-day meeting, amid speculation that the central bank would add to stimulus measures this week to bolster the country’s economic growth.
- On Friday, the EUR finished higher against the USD, on hopes that G-8 officials, at the weekend summit, might offer support to the European Union to prevent the exit of Greece from the euro bloc and spread of Eurozone debt crisis.
- The JPY closed higher against the USD, after Japan’s government raised its economic assessment for the first time in nine months.
- For more on trading the forex markets see forex spread betting.
- Gold for immediate delivery is trading 0.2% higher today, at $1,596.66 per ounce.
- Gold for June delivery rose 1.1% or $17 to $1,591.90 per ounce on Friday, as the US dollar dropped against the major currencies amid renewed hopes for further easing from the US Federal Reserve.
- In Asia, crude oil for June delivery is trading 0.4% or $0.36 higher at $ 91.84 per barrel.
- On Friday, crude oil for June delivery slid 1.2% or $1.08 to settle at $91.48 per barrel. This came amid worsening problems in Greece and Spain and concerns about a slowdown in China’s economic growth, decreased demand prospects for crude oil.
- Crude oil spread betting markets also lost value, as investors were cautious ahead of the G8 summit and speculation that a US pipeline reversal might start this weekend.
- For more on commodities trading see commodities spread betting.
|
Warning - as only a small percentage of the total contract value is required as deposit, it is possible for your losses to rapidly and substantially exceed that deposit. Seek advice if you do not fully understand the risks. Spread bets and CFDs carry high risk and are not suitable for everyone.
The above comments do not constitute investment advice and neither ETX Capital nor SpreadBets.org.uk accept any responsibility for any use that may be made of them.
Advert
ETX Capital Spread Betting - No Fees, No Commissions, Free Charts and Live Prices.
Spread Bet on Indices, FX, Shares, Commodities, ETFs, Sectors and more. For details see ETX Capital.
|
Spread Betting Markets - 18 May 2012
|
- FTSE 100 shed 1.2% to close at 5,338.4.
- FTSEurofirst 300 index fell 1.2% to 981.4.
- DJIA slumped 1.2% to settle at 12,442.5.
- NASDAQ tumbled 2.1% to end at 2,813.7.
- S&P 500 shed 1.5% to settle at 1,304.9.
- Nikkei 225 index is trading 2.3% lower, at 8,669.3.
- In Asia, crude oil for June delivery is trading 0.1% or $0.06 higher at $92.62 per barrel.
- At 0400 BST today, the GBP is trading 0.1% lower against the USD at $1.5770, flat against the EUR at €1.2429, 0.1% lower against the JPY at ¥125.25.
- For more on trading stock market indices see spread betting on indices.
- UK shares spread betting markets closed lower yesterday, as continued concerns about Greece and strength of the Spanish banking sector, weighed on investors’ sentiment.
- Banks, Lloyds Banking Group, Royal Bank of Scotland and Barclays declined between 3.6% and 3.8%, amid continued concerns after the ECB recently halted lending to some Greek banks to limit its exposure.
- Banking stocks were also weighed down on reports that Moody’s Investors Service would probably downgrade Spanish banks.
- International Consolidated Airlines Group slumped 6.0%, on concerns that its biggest shareholder, Spain's Bankia might be forced to reduce its stake in the carrier.
- Vedanta Resources lost 4.0%, as its full year profit missed market expectations.
- Aviva slipped 4.7%, after the company reported lower-than-expected first quarter sales.
- FTSE 100 shed 1.2% to close at 5,338.4, while FTSE 250 slid 0.8% to end at 10,592.9.
- Precious metal stocks, Randgold Resources and Fresnillo gained 4.6% and 0.5%, respectively, in line with a rise in gold and silver prices.
- ICAP rose 1.6%, after UBS upgraded the stock to “Neutral”, while Numis Securities raised its recommendation on the stock to “Buy” from “Hold”.
- National Grid advanced 1.4%, after it reported higher annual profit and maintained a positive outlook for 2012-2013.
- Antofagasta added 1.4%, after the company reported a sharp rise in its EBITDA in the first-quarter.
- International Consolidated Airlines Group slumped 6.0%, on concerns that its biggest shareholder, Spain's Bankia, might be forced to reduce its stake in the carrier.
- Aviva sank 4.7%, after its sales of life insurance and pensions in the first-quarter trailed market expectations.
- Vedanta Resources fell 4.0%, after the company posted a 92.0% slump in its full-year profit.
- For more on trading UK shares see spread betting on UK shares.
- At 0400 BST today, the GBP is trading 0.1% lower against the USD at $1.5770, flat against the EUR at €1.2429, 0.1% lower against the JPY at ¥125.25.
- The EUR/USD is trading 0.1% lower at $1.2687. The EUR is trading 0.1% lower against the JPY at ¥100.76.
- The EUR is trading lower against most of its major peers, amid concerns about the health of the Spanish banks, after Moody’s downgraded its ratings on 16 banks.
- The EUR also fell as Spain’s borrowing costs increased at an auction yesterday.
- The EUR is trading lower against the JPY, amid concern that Europe’s debt crisis is worsening after Fitch Ratings downgraded Greece’s long- term credit rating to “CCC” from “B”.
- The JPY is trading higher against most of its major peers, as Asian stocks are trading lower amid speculation that the European sovereign debt crisis would deepen in the future.
- The AUD and NZD are trading lower against the USD, as risk appetite waned among investors.
- Yesterday, the JPY finished higher against the AUD and the NZD, as a rise in Spain’s borrowing costs increased fears that the European sovereign debt crisis would worsen, increasing demand for safe haven assets.
- The USD closed higher against the EUR and the CAD, as demand for safe haven asset increased, after official data showed that Spain slipped into recession in the first-quarter.
- This was further exacerbated by an index of manufacturing in the Philadelphia region in the US showed an unexpected decline.
- For more on trading the forex markets see forex spread betting.
- Gold for immediate delivery is trading 0.1% higher today, at $1,576.13 per ounce.
- Gold for June delivery rose 2.5% or $38.30 to settle at $1,574.90 per ounce yesterday.
- This came amid expectations of additional action from the US central bank following downbeat US economic data.
- Minutes of the latest meeting of the Federal Open Market Committee, released late Wednesday had hinted at further possible quantitative easing by the Federal Reserve.
- Gold prices also rose amid bargain hunting from investors.
- In Asia, crude oil for June delivery is trading 0.1% or $0.06 higher at $92.62 per barrel.
- Yesterday, crude oil for June delivery eased 0.3% or 25 cents to end at $92.56 per barrel.
- This as disappointing regional manufacturing activity data from the US, ongoing worries about the Eurozone and reports that ECB had suspended lending to some Greek banks, pressured crude oil prices.
- Crude oil prices had earlier rose on hopes that the reversal of the Seaway oil pipeline would ease a Midwest crude oil glut.
- For more on commodities trading see commodities spread betting.
|
Warning - as only a small percentage of the total contract value is required as deposit, it is possible for your losses to rapidly and substantially exceed that deposit. Seek advice if you do not fully understand the risks. Spread bets and CFDs carry high risk and are not suitable for everyone.
The above comments do not constitute investment advice and neither ETX Capital nor SpreadBets.org.uk accept any responsibility for any use that may be made of them.
Advert
ETX Capital Spread Betting - No Fees, No Commissions, Free Charts and Live Prices.
Spread Bet on Indices, FX, Shares, Commodities, ETFs, Sectors and more. For details see ETX Capital.
|
Spread Betting Markets - 17 May 2012
|
- FTSE 100 shed 0.6% to settle at 5,405.3.
- FTSEurofirst 300 index fell 0.5% to 992.8.
- DJIA edged down 0.3% to settle at 12,598.6.
- NASDAQ shed 0.7% to end at 2,874.0.
- S&P 500 ticked down 0.4% to settle at 1,324.8.
- Nikkei 225 index is trading 0.2% lower, at 8,783.3.
- In Asia, crude oil for June delivery is trading 0.4% or $0.39 higher at $93.20 per barrel.
- At 0400 BST today, the GBP is trading flat against the USD at $1.5921, marginally lower against the EUR at €1.2500, 0.1% lower against the JPY at ¥127.86.
- For more on trading stock market indices see spread betting on indices.
- UK markets closed lower yesterday, as concerns about Greece’s possible exit from the Euro-bloc and downbeat assessment of the British economy by the Bank of England overshadowed an unexpected fall in UK’s unemployment rate.
- Miners, Fresnillo, Xstrata and Rio Tinto declined between 1.3% and 4.1%, as base metal prices slipped. A downgrade to “Neutral” from “Buy” at UBS, also weighed on Xstrata.
- Glencore International declined 1.9%, as it traded ex-dividend. African Barrick Gold lost 5.6%, after it agreed to a higher royalty tax in Tanzania.
- Also in UK shares spread betting, supermarket operators slumped, with WM Morrison Supermarkets and J Sainsbury declining 1.7% and 3.7%, respectively, as they traded ex-dividend.
- Oil and gas engineering firm, Lamprell plunged 56.9%, in the wake of a profit warning.
- FTSE 100 shed 0.6% to settle at 5,405.3, while FTSE 250 edged down 0.4% to end at 10,675.3.
- Aberdeen Asset Management, Croda International and IMI, added between 1.3% and 3.5%, after these companies were included in MSCI’s Europe index.
- Aberdeen Asset Management also gained on news that it had extended its sponsorship of the world-famous regatta, Cowes Week, until 2015.
- Croda International added 3.0%, as it launched its latest hair conditioning agent, Keradyn HH.
- Barclays rose 1.6%, as UBS issued a bullish note on the stock.
- Fresnillo dropped 4.1%, as precious metal prices continued to fall.
- Morrison's Supermarkets and J Sainsbury declined 1.7% and 3.7%, respectively, as they traded ex-dividend.
- Glencore International dropped 1.9%, as UBS downgraded its rating to “Neutral” from “Buy” and as it traded ex-dividend.
- For more on trading UK shares see spread betting on UK shares.
- At 0400 BST today, the GBP is trading flat against the USD at $1.5921, marginally lower against the EUR at €1.2500, 0.1% lower against the JPY at ¥127.86.
- The EUR is trading marginally higher against the USD at $1.2737. The EUR is trading marginally lower against the JPY at ¥102.30.
- The JPY is trading lower against most of its major peers, amid speculation that the Bank of Japan might ease its monetary policy next week.
- The EUR is trading lower against the JPY, amid concerns that Greece would exit the euro area as the country’s leaders prepare for a second election.
- The USD is trading lower against the EUR, after minutes from the last US Federal Reserve meeting showed that some members supported further quantitative easing to boost the country’s economy.
- The NZD and the AUD are trading higher against the USD amid mounting speculation that the US Federal Reserve would ease monetary policy further to stimulate growth.
- The currencies also traded higher, amid speculation that the recent declines were excessive.
- Yesterday, the EUR finished lower against the USD, after the European Central Bank announced that it would temporarily stop lending to some Greek banks, raising concerns about the European sovereign debt crisis.
- The GBP closed lower against the EUR, after the Bank of England trimmed UK’s growth forecasts amid concerns over the possible negative impact of the Eurozone debt crisis on the UK economy.
- For more on trading the forex markets see forex spread betting.
- Gold for immediate delivery is trading 0.2% higher today, at $1,546.07 per ounce.
- Gold for June delivery lost 1.3% or $20.50 to $1,536.6 per ounce yesterday, as concerns about Greek crisis boosted the demand for the US dollar and decreased the metal's appeal as an alternative asset.
- In Asia, crude oil for June delivery is trading 0.4% or $0.39 higher at $93.20 per barrel.
- Yesterday, crude oil for June delivery ended 1.2% or $1.17 lower at $92.81 per barrel.
- This came amid continued concerns over the Greece crisis and as the US Energy Information Administration reported an increase in crude oil inventories by 2.1 million barrels per day, to 381.6 million barrels in the week ended 11 May.
- However, declines were limited on better-than-expected data on US housing and industrial production.
- For more on commodities trading see commodities spread betting.
|
Warning - as only a small percentage of the total contract value is required as deposit, it is possible for your losses to rapidly and substantially exceed that deposit. Seek advice if you do not fully understand the risks. Spread bets and CFDs carry high risk and are not suitable for everyone.
The above comments do not constitute investment advice and neither ETX Capital nor SpreadBets.org.uk accept any responsibility for any use that may be made of them.
Advert
ETX Capital Spread Betting - No Fees, No Commissions, Free Charts and Live Prices.
Spread Bet on Indices, FX, Shares, Commodities, ETFs, Sectors and more. For details see ETX Capital.
|
Spread Betting Markets - 16 May 2012
|
- FTSE 100 slipped 0.5% to settle at 5,437.6.
- FTSEurofirst 300 index eased 0.7% to 997.7.
- DJIA slid 0.5% to settle at 12,632.0.
- NASDAQ edged down 0.3% to end at 2,893.8.
- S&P 500 shed 0.6% to settle at 1,330.7.
- Nikkei 225 index is trading 0.9% lower at 8,820.8.
- In Asia, crude oil for June delivery is trading 1.3% or $1.22 lower at $92.76 per barrel.
- At 0400 BST today, the GBP is trading 0.1% lower against the USD at $1.5973, marginally higher against the EUR at €1.2549, flat against the JPY at ¥128.38.
- For more on trading stock market indices see spread betting on indices.
- UK stocks ended lower yesterday, dragging the FTSE 100 index to a five-month low.
- This came as concerns that a Greece exit from the Eurozone would lead to renewed financial instability in Europe, overshadowed better-than-expected first-quarter reading on economic growth from Germany.
- British Airways owner, IAG, the top laggard on the FTSE 100 index, declined 6.0%, after JPMorgan Chase lowered its stance on the stock to “Neutral” from “Overweight”.
- Kazakhmys declined 4.1%, as UBS reiterated its “Sell” recommendation on the stock, while Anglo American, BHP Billiton and Rio Tinto declined between 1.6% and 2.9%.
- Vedanta Resources fell 3.8%, ahead of the release of its earnings reports on Thursday.
- Man Group declined 3.8%, amid bearish comments from a broker.
- Experian lost 2.9%, as Credit Suisse lowered its rating on the stock to “Neutral” from “Outperform”.
- FTSE 100 slipped 0.5% to settle at 5,437.6, while FTSE 250 fell 0.8% to 10,722.5.
- Smiths Group rose 1.5%, after the company reiterated its full-year guidance and announced that its sales and operating profit in the nine months to April 28 were ahead of last year.
- BT Group advanced 1.2%, after a broker raised its recommendation on the stock to “Neutral” from “Sell”.
- International Consolidated Airlines Group lost 6.0%, after JP Morgan Cazenove trimmed its rating on the stock to “Neutral” from “Overweight”.
- Miners, Kazakhmys, Vedanta resources and Rio Tinto, fell between 2.9% and 4.1%, as base metal prices retreated.
- Experian lost 2.9%, as Credit Suisse lowered its rating on the stock to “Neutral” from “Outperform”.
- For more on trading UK shares see spread betting on UK shares.
- At 0400 BST today, the GBP is trading 0.1% lower against the USD at $1.5973, marginally higher against the EUR at €1.2549, flat against the JPY at ¥128.38.
- The EUR is trading 0.1% lower against the USD at $1.2729. The EUR is trading marginally higher against the JPY at ¥102.30.
- The GBP is trading lower against the USD, amid speculation that the Bank of England would cut its growth forecast for the UK economy and that the UK unemployment probably rose to match a 16-year high in the first quarter.
- The EUR is trading lower against its counterparts before Greek leaders seek agreement today on an interim government that would schedule new elections and investor concern over Spain’s ability to reduce its budget shortfall.
- Spain is scheduled to sell debt due in 2015 and 2016 tomorrow.
- The USD is trading higher against the EUR, before the Federal Reserve releases minutes of its April meeting.
- The JPY is trading lower against most of its major peers after data showed that Japan’s machinery orders fell in March.
- The NZD dropped against the USD, after Fonterra Cooperative Group, the world’s largest dairy exporter, stated that whole-milk powder prices continued their slide.
- Yesterday, the EUR finished lower against the USD, after Greece announced that the country would hold elections again, raising fears that the European sovereign crisis might spread to other Eurozone nations.
- The GBP closed higher against the EUR, as spread betting account investors preferred the relative safety of the British currency amid the Eurozone turmoil.
- For more on trading the forex markets see forex spread betting.
- Gold for immediate delivery is trading 0.4% lower today, at $1,537.26 per ounce.
- Gold for June delivery, settled down 0.3% or $3.90 at end at $1,557.10 per ounce yesterday, as the dollar rose against the euro, decreasing the demand for the precious metal as an alternative investment.
- In Asia, crude oil for June delivery is trading 1.3% or $1.22 lower at $92.76 per barrel.
- Yesterday, crude oil for June delivery fell 0.8% or 80 cents to settle at $93.98 per barrel. The came as investors remained wary over the prospects for oil demand amid continued political uncertainty in Greece and a mixed set of US economic data that pointed to slower growth.
- For more on commodities trading see commodities spread betting.
|
Warning - as only a small percentage of the total contract value is required as deposit, it is possible for your losses to rapidly and substantially exceed that deposit. Seek advice if you do not fully understand the risks. Spread bets and CFDs carry high risk and are not suitable for everyone.
The above comments do not constitute investment advice and neither ETX Capital nor SpreadBets.org.uk accept any responsibility for any use that may be made of them.
Advert
ETX Capital Spread Betting - No Fees, No Commissions, Free Charts and Live Prices.
Spread Bet on Indices, FX, Shares, Commodities, ETFs, Sectors and more. For details see ETX Capital.
|
Spread Betting Markets - 15 May 2012
|
- FTSE 100 dropped 2.0%, to end at 5,465.5.
- FTSEurofirst 300 index slid 1.8% to 1,004.2.
- DJIA closed 1.0% lower at 12,695.4.
- NASDAQ ended 1.1% lower at 2,902.6. S&P 500 finished 1.1% lower at 1,338.4.
- Nikkei 225 index is trading 1.2% lower at 8,865.8.
- In Asia, crude oil for June delivery is trading 0.38% or $0.36 lower at $94.42 per barrel.
- 0400 BST today, the GBP is trading marginally lower against the USD at $1.6093, flat against the EUR at €1.2546, marginally lower against the JPY at ¥128.54.
- For more on trading stock market indices see spread betting on indices.
- UK shares spread betting markets closed lower yesterday, as a political stalemate in Greece to form a coalition government weighed on market sentiment, raising concerns of a potential exit of Greece from the euro-bloc.
- Barclays, Royal Bank of Scotland Group and Lloyds Banking Group dropped between 4.8% and 6.4%, as risk appetite waned amid rising concerns about the Eurozone debt crisis.
- Vedanta Resources, BHP Billiton and Anglo American declined between 3.1% and 3.5%, as base metal prices declined amid concerns about a slowdown in China.
- Lonmin dropped 5.2%, after the company posted an unexpected first-half loss.
- BP, Royal Dutch Shell Group and BG Group fell between 2.5% and 3.5%, as crude oil prices eased following bearish comments from the Saudi Arabian oil minister.
- Among other stocks, Moneysupermarket.com declined 8.1%, following bearish comments from a broker.
- FTSE 100 dropped 2.0%, to end at 5,465.5, while FTSE 250 declined 1.8%, to end at 10,813.6.
- International Power and Severn Trent rose 0.1% and 0.7%, respectively, as investors preferred defensive stocks.
- Barclays, Lloyds Banking Group and RBS fell between 4.8% and 6.4%, as risk appetite waned amid rising concerns about the Eurozone debt crisis..
- Tullow oil sank s 4.8%, following lower crude oil prices.
- ENRC and Evraz dropped 4.6% and 4.1%, respectively, in line with a fall in base metal prices.
- For more on trading UK shares see spread betting on UK shares.
- At 0400 BST today, the GBP is trading marginally lower against the USD at $1.6093, flat against the EUR at €1.2546, marginally lower against the JPY at ¥128.54.
- The EUR is trading marginally lower against the USD at $1.2827. The EUR is trading marginally lower against the JPY at ¥102.45.
- The EUR is trading lower against most of its major peers, amid mounting concerns that Greece’s exit from the Eurozone is unavoidable, as the region’s finance ministers meet for a second day in Brussels.
- The EUR dropped against the JPY, as Moody’s Investors Service cut the credit ratings of 26 Italian banks.
- The USD is trading higher against the most of its major peers before the Federal Reserve releases minutes of its last board meeting.
- The AUD is trading steady against the USD, before the Reserve Bank of Australia releases minutes of its last board meeting.
- Yesterday, the EUR finished lower against the USD. This came after an inability of Greece to form a coalition government prompted European officials to weigh prospects of the country’s exit from the currency union and after data showed that industrial production in the Eurozone contracted in March.
- The GBP ended higher against the EUR, as currency spread betting investors sought the relatively safe currency.
- The CAD ended higher against the USD, amid speculation that US economic growth would outpace other regions, as Greece might fail to implement austerity measures and it might be first country to exit the euro.
- For more on trading the forex markets see forex spread betting.
- Gold for immediate delivery is trading 0.3% lower today, at $1,554.5 per ounce.
- Gold for June delivery lost 1.5% or $23 to settle at $1,561 per ounce yesterday, as the dollar rose against the euro.
- This followed a rise in Spanish and Italian bond yields and as a political impasse in Greece raised the likelihood of fresh elections, decreasing the demand for the precious metal as an alternative investment.
- In Asia, crude oil for June delivery is trading 0.38% or $0.36 lower at $94.42 per barrel.
- Yesterday, crude oil for June delivery lost 1.4% or $1.35 to settle at $94.78 per barrel, amid speculation that Greece might exit the Eurozone. This comes after its inability to form a new government and on continued concerns about China's economic slowdown.
- Crude oil prices were also weighed down on comments from Saudi Arabia’s oil minister, Ali al-Naimi.
- For more on commodities trading see commodities spread betting.
|
Warning - as only a small percentage of the total contract value is required as deposit, it is possible for your losses to rapidly and substantially exceed that deposit. Seek advice if you do not fully understand the risks. Spread bets and CFDs carry high risk and are not suitable for everyone.
The above comments do not constitute investment advice and neither ETX Capital nor SpreadBets.org.uk accept any responsibility for any use that may be made of them.
Advert
ETX Capital Spread Betting - No Fees, No Commissions, Free Charts and Live Prices.
Spread Bet on Indices, FX, Shares, Commodities, ETFs, Sectors and more. For details see ETX Capital.
|
"Spread Betting Market News" last update by ETX Capital, 22-May-2012
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:
Spread Betting Markets - last update: 23-May-2012
The daily spread betting market report reviewing the key stock markets, a focused look at the UK spread betting market and an overview of the latest moves in the forex, commodities and . . . read more - Spread Betting Markets.
Spread Betting Market News - last update: 22-May-2012
The daily report on the spread betting markets looking at the main stock market indices, a focused report on the spread betting markets in the UK and a broader review of the recent moves in the commodities markets, the forex markets and . . . read more - Spread Betting Market News.
Index Spread Trading and CFD Trading Market Review - last update: 14-May-2012
Index Spread Trading and CFD Trading Market Review: considering the Index markets with trading analysis, opinions and prices. FTSE 100 gained 0.6% to settle at 5,575.5 on Friday, recouping earlier losses, as better-than-expected US consumer sentiment data overshadowed . . . read more - Index Spread Trading and CFD Trading Market Review.
Shares Spread Trading and CFD Trading Market Review - last update: 11-May-2012
Shares Spread Trading and CFD Trading Market Review: considering the Shares markets with trading analysis, opinions and prices. In UK shares spread trading, the FTSE 100 index snapped its three days of losses, as a drop in US initial jobless claims countered disappointing . . . read more - Shares Spread Trading and CFD Trading Market Review.
Commodities Spread Trading and CFD Trading Market Review - last update: 10-May-2012
Commodities Spread Trading and CFD Trading Market Review: considering the Commodities markets with trading analysis, opinions and prices. Crude oil prices pared some losses after reports indicated that Greece would receive its next tranche of bailout loans and after US crude stockpiles . . . read more - Commodities Spread Trading and CFD Trading Market Review.
Forex Spread Trading and CFD Trading Market Review - last update: 09-May-2012
Forex Spread Trading and CFD Trading Market Review: considering the Forex markets with trading analysis, opinions and prices. In currency spread trading, the AUD is trading lower against the USD, after the Australian PM stated that returning the country's budget to surplus would . . . read more - Forex Spread Trading and CFD Trading Market Review.
Spread Bets and CFD Trading Market Review - last update: 08-May-2012
Spread Bets and CFD Trading Market Review: considering the Spread Bets markets with trading analysis, opinions and prices. Gold fell $6.10 to $1,639.10 per ounce as investors remained concerned about Eurozone problems following leadership changes in France and . . . read more - Spread Bets and CFD Trading Market Review.
Spread Betting Markets Index - an index of daily spread betting market reports with updates on the more popular stock markets. Each report also reviews the UK spread betting market as well as the key forex and commodities markets.
|
|
|
Free Financial Email: Latest Spread Betting Offers and where to find narrow spreads.
Click here to sign up.
|
|
