Spread Betting Trading UK News
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A review of the spread betting markets.
For today's review see: Spread Betting Markets.
Spread Betting Trading UK News - 21 September 2011
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- FTSE 100 advanced 2.0% or 104.2 points to close at 5,363.7.
- FTSEurofirst 300 index advanced 2.0% or 18.1 points to 934.2.
- DJIA rose 0.1% to close at 11,408.7. NASDAQ lost 0.9% to settle at 2,590.2. S&P 500 edged down 0.2% to end at 1,202.1. Also see Spread Bet on Wall Street
- Nikkei 225 index is trading 0.3% higher, at 8,748.8.
- In Asia, crude oil for October delivery is trading 0.2% or $0.20 lower at $86.72 per barrel.
- At 0400 BST today, the GBP is trading marginally lower against the USD at $1.57284, trading 0.1% lower against the EUR at €1.147, and 0.1% lower against the JPY at ¥120.051.
- For more on trading stock market indices see spread betting on indices.
- UK markets rebounded and closed higher on Tuesday, led by gains in banking sector stocks amid optimism that Greek default would be averted and as investors shrugged off the Italian rating cut.
- Carnival surged 6.6%, after its third quarter results topped market estimates.
- Banks, Royal Bank of Scotland, Barclays, HSBC and Lloyds Banking, added between 0.9% and 2.4%, buoyed by bargain hunting from investors.
- Among mining stocks, Kazakhmys and BHP Billiton gained 1.5%, each, while Anglo American rose 2.0%, amid easing worries over contagion risk.
- Vodafone climbed 2.4%, after entering into a strategic alliance with Conexus Mobile Alliance.
- Aerospace systems provider, BAE Systems rallied 2.4%, as Societe Generale upgraded the stock to “Buy” from “Hold”.
- FTSE 100 advanced 2.0% or 104.2 points to close at 5,363.7. The FTSE 250 spread betting market added 0.8% or 79.6 points to settle at 10,308.6.
- Carnival soared 6.6%, after its third-quarter earnings surpassed market expectations.
- Fresnillo rallied 4.1%, tracking higher silver prices.
- Cairn Energy rose 3.6%, tracking a rise in crude oil prices.
- Burberry Group added 3.5%, tracking a rise in its European peers.
- Glencore advanced 3.3%, as commodity prices increased.
- International Consolidated Airlines lost 2.6%, after its German peer, Deutsche Lufthansa, trimmed its full-year earnings estimates.
- Vedanta Resources declined 1.7%, as copper prices retreated.
- 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 $1.57284, trading 0.1% lower against the EUR at €1.147, and 0.1% lower against the JPY at ¥120.051.
- The EUR is trading marginally higher against the USD at $1.37115 after Greece held a second round of talks with the European Union and IMF, limiting the perceived risk that the nation would default.
- The EUR is trading 0.1% lower against the JPY at ¥104.657. The JPY is trading higher against the USD and EUR, amid lingering concern about global economic recovery, and as most Asian markets traded lower, increasing the demand for the safe haven currency.
- The NZD is trading lower against the USD, after the New Zealand posted a current-account deficit that was wider than market expectations.
- In AUD/USD spread betting market, the AUD is trading lower after the IMF cut Australia’s 2012 growth forecast to 3.3% from the 3.5%, reducing demand for high yielding currencies.
- Yesterday, the USD closed lower against the EUR, after Greece’s Finance Minister concluded a conference call with the IMF, European Commission and the European Central Bank as “Productive”.
- The CHF closed lower against the EUR, amid speculation that the Swiss National Bank might change its near-peg for the Swiss franc against the euro to 1.25 from 1.20.
- The CAD ended lower against the USD, after the IMF cut Canada’s growth forecast this year to 2.1% from a June estimate of 2.9%.
- For more on trading the forex markets see forex spread betting.
- Gold for immediate delivery is trading 0.1% higher today, at $1,804.42 per ounce.
- Gold for December delivery rose 1.7% or $30.20 to settle at $1,809.10 per ounce yesterday, as the dollar weakened against the euro and investors’ remain concerned about the pace of the economic recovery, spurring investment in the precious metal as a hedge against inflation and as a safe haven asset.
- In Asia, crude oil for October delivery is trading 0.2% or $0.20 lower at $86.72 per barrel.
- Yesterday crude oil for October delivery added 1.4% or $1.19 to end at $86.89 per barrel, amid optimism that the Federal Reserve would announce some measures to help boost the US economy, and future energy demand would increase.
- For more on commodities trading see commodities spread betting.
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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.
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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.
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Spread Betting Trading UK Market Review - 23 August 2011
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- FTSE 100 advanced 1.1% or 54.5 points to 5095.3.
- FTSEurofirst 300 index rose 0.8% to 916.8.
- Dow Jones edged up 0.3% or 37.0 points, to close at 10,854.7. NASDAQ added 0.2% or 3.5 points to settle at 2,345.4. S&P 500 advanced marginally to 1,123.8.
- Nikkei 225 index is trading marginally higher, at 8630.5.
- In Asia, crude oil for October delivery is trading 0.6 % higher at $84.85 per barrel.
- At 0400 BST today, the GBP is trading 0.1% higher against the USD at $1.6478, 0.1% lower against the EUR at €1.1454 and 0.1% lower against the JPY at ¥126.49.
- For more on trading stock market indices see spread betting on indices.
- UK markets closed higher yesterday, led by gains in precious metal and oil stocks, offsetting concerns that the global economy recovery is stalling.
- Precious metal stocks, Randgold resources and Fresnillo, added 3.9% and 3.5% respectively, tracking higher gold and silver prices.
- Oil stock, Petrofac, advanced 3.7%, after the company reported a rise in earnings for the six months and raised its dividend payout.
- Royal Dutch Shell and BG Group advanced 1.9% and 1.4% respectively, amid hopes that oil production in Libya might resume.
- Derivative trading firm, IG Group Holdings, rallied, 4.0%, after the company announced that its first-quarter sales might increase by 19.0%.
- Interdealer broker, ICAP, rose 3.8%, after its Chief Executive stated that the company would leave EU if financial transactions tax is imposed. However, gains were restricted by losses in banks.
- FTSE 100 advanced 1.1% to 5095.3. FTSE 250 added 1.0% to 9,854.8.
- Compass gained 4.0%, helped by bargain hunting from investors.
- Randgold resources added 3.9%, as gold for December delivery rose 2.1% to $1,891.90 per ounce.
- ICAP rallied 3.8%, after its Chief Executive, stated that the company would quit EU if financial transactions tax is imposed.
- Petrofac advanced 3.7%, after the company reported a 6.6% rise in adjusted profit for the six months.
- Fresnillo advanced 3.5%, as silver futures gained 2.1% to $43.33 per ounce.
- GlaxoSmithKline rose 2.8%, after the company acquired a minority stake in Autifony Therapeutics.
- Banking stocks, RBS, Lloyds Banking Group and Barclays, eased between 2.8% and 5.3%, as risk aversion increased among investors.
- Essar Energy declined 3.8%, after the firm reported a delay in setting up of power plants and gaining approval for coal projects.
- Miners, Kazakhmys, Xstrata and Vedanta resourced, declined between 1.6% and 2.5%, tracking a decline in base metal prices.
- 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 $1.6478, 0.1% lower against the EUR at €1.1454 and 0.1% lower against the JPY at ¥126.49.
- The EUR is trading 0.2% lower against the USD at $1.438.
- The EUR is trading 0.1% higher against the JPY ¥110.34, amid speculation that Japanese officials would intervene to curb gains, after Japanese Finance Minister Yoshihiko Noda stated that excessive movements in the yen can hurt the nation’s recovery.
- The USD traded lower against major currencies, following a private report that showed that China’s manufacturing activity was stronger in August compared to that in July, boosting demand for higher-yielding assets.
- South Korea’s WON is trading higher against the USD amid speculation the Federal Reserve would take additional measures to shore up US economy.
- Yesterday, the dollar ended higher against major currencies as global economic uncertainties prompted investors to invest in dollar as a safe haven asset.
- The CHF closed lower against the USD and NZD, amid speculation that the Swiss central bank would take further steps to weaken the currency.
- For more on trading the forex markets see forex spread betting.
- Gold for immediate delivery is trading 0.5% lower today, at $1899.18 per ounce.
- Gold for December delivery advanced 2.1% or $39.70 to settle at $1,891.90 per ounce yesterday, as lingering Eurozone sovereign-debt concerns forced investors to purchase the precious metal as an alternative investment.
- In Asia, crude oil for October delivery is trading 0.6 % higher at $84.85 per barrel.
- Yesterday, crude oil for September delivery expired 2.3% or $1.86 higher at $84.12 per barrel, amid hopes that the Federal Reserve Chairman Ben Bernanke would signal steps to prop up the US economy at a gathering of central bankers this week.
- Crude oil was trading lower earlier, amid speculation that overthrow of Muammar Qaddafi’s government might allow oil production in the Libya to resume.
- For more on commodities trading see commodities spread betting.
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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.
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"Spread Betting Trading UK News" last update by R Thomas, 21-Sep-2011
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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