UK FX Futures Trading News
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A review of the FX futures markets.
For today's review see: Spread Betting Markets.
UK FX Futures Trading News - 14 November 2011
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- FTSE 100 soared 1.9% to end at 5,545.4.
- FTSEurofirst 300 index rallied 2.2% or 21.0 points to 984.6.
- DJIA surged 2.2% to close at 12,153.7. NASDAQ jumped 2.0% to settle at 2,678.8. S&P 500 gained 2.0% to end at 1,263.9.
- Nikkei 225 index is trading 1.1% higher, at 8,607.2.
- In Asia, crude oil for December delivery is trading 0.1% or $0.12 higher at $99.11 per barrel.
- At 0400 BST today, the GBP is trading marginally higher against the USD at $1.6070, 0.1% lower against the EUR at €1.1668, and marginally higher against the JPY at ¥123.98.
- For more on trading stock market indices see spread betting on indices.
- UK markets rallied on Friday, led by a sharp gain in financial sector stocks, after Italy approved austerity measures and Greece named a new leader, easing worries about the debt crisis in the Eurozone.
- Schroders, the top riser on the FTSE 100 index, jumped 6.8%, following an upgrade to “Hold” from “Sell” at Deutsche Bank, in the wake of a surge in its AUM.
- Among banking stocks, Barclays, Lloyds Banking Group and Royal Bank of Scotland gained between 5.2% and 6.4%, amid easing worries over contagion risk from the Eurozone crisis.
- International Consolidated Airlines Group rallied 4.9%, after it set impressive profit targets and amid optimism that it would pay a dividend to shareholders for the first time.
- Rolls-Royce climbed 4.0%, after it reiterated its profit target for 2011.
- Smiths Group added 2.9%, amid renewed takeover buzz.
- FTSE 100 soared 1.9% to end at 5,545.4. FTSE 250 surged 2.0% to settle at 10,389.3.
- Schroders rallied 6.8%, after Deutsche Bank raised its recommendation on the stock to “Hold” from “Sell”, following an unexpected increase in institutional fund flows.
- Banking stock, RBS, Lloyds Banking Group and Barclays, rallied between 5.2% and 6.4%, as risk appetite increased among investors.
- International Consolidated Airlines rose 4.9% after it announced operating profit target of €1.5 billion for 2015.
- Prudential advanced 4.8%, ahead of a three-day round of investor briefings next week.
- Burberry declined 1.0%, ahead of its interim results.
- For more on trading UK shares see spread betting on UK shares.
- At 0400 BST today, the GBP is trading marginally higher against the USD at $1.6070, 0.1% lower against the EUR at €1.1668, and marginally higher against the JPY at ¥123.98.
- The EUR is trading 0.2% higher against the USD at $1.3773.
- The EUR is trading 0.2% higher against the JPY at ¥106.25.
- The EUR gained against the USD and the JPY, after Mario Monti took over as the new Italian Prime Minister, and after Greece’s Finance Minister stated that he would make sure that the country receives a sixth loan under an EU bailout package.
- The NZD is trading higher against the USD, following a report that showed New Zealand’s retail sales increased by the most since 2006.
- On Friday, the EUR ended higher against the USD and GBP, amid optimism that European policymakers were taking steps to resolve the region’s sovereign-debt crisis, as Italy’s Senate approved austerity measures, and after Greece formed a unity government.
- The GBP/USD ended higher, after data showed UK factory output prices remained unchanged in October as costs for chemicals, pharmaceuticals and electrical equipment dropped.
- For more on trading the forex markets see forex spread betting.
- Gold for immediate delivery is trading 0.2% higher today, at $1,792.94 per ounce.
- Gold for December delivery rose 1.6% or $28.50 to settle at $1,788.10 per ounce on Friday. This came as the dollar weakened against the major currencies, increasing the demand for the precious metal as a hedge against inflation.
- In Asia, crude oil for December delivery is trading 0.1% or $0.12 higher at $99.11 per barrel.
- On Friday, crude for December delivery advanced 1.2% or $1.21to settle at $98.99 per barrel. This came amid expectations of an increase in energy demand, as the yield on Italian bonds fell, and after the Italian Senate approved austerity measures.
- Crude oil was supported by a fall in the dollar against the euro.
- 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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"UK FX Futures Trading News" last update by R Thomas, 14-Nov-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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