UK Spread Betting Market Review

Spread Betting

UK Spread Betting Market Review

UK Spread Betting Market Review
A review of the UK spread betting markets.
For today's review see: Spread Betting Markets.

UK Spread Betting Market Review - 27 June 2011


Spread Betting Markets Snapshot

  • FTSE 100 gained 0.4% or 23.3 points to 5,697.7.
  • FTSEurofirst 300 index fell 0.1% to close at 1,074.2.
  • The Dow Jones edged down 1.0% or 115.4 points to settle at 11,934.6. NASDAQ slipped 1.3% or 33.9 points to close at 2,652.9. S&P 500 shed 1.2% or 15.1 points to 1,268.5.
  • Nikkei 225 index is trading 0.9% lower, at 9,593.2.
  • In Asia, crude oil for August delivery is trading 46 cents lower at $90.70 per barrel.
  • At 0400 BST today, the GBP is trading 0.2% lower against the USD at 1.5926, slightly higher against the EUR at €1.1272 and 0.1% higher against the JPY at ¥128.54.
  • For more on trading stock market indices see spread betting on indices.


UK Spread Betting Market Review

  • UK markets closed higher on Friday, with the FTSE 100 index rebounding from its three-month closing low, on news that Greece has reached a deal with international lenders for a five-year austerity plan.
  • Miners, BHP Billiton, Xstrata and Kazakhmys, gained between 0.3% and 2.5%, as base metal prices rose.
  • Berkeley Group, up 10.9%, led house builders higher, after the company announced a 19% rise in its annual profit.
  • Rolls-Royce climbed 3.2%, after the company and its partner Daimler stated that they have secured full control of German engine maker, Tognum.
  • Session gains were trimmed for the FTSE 100 by losses in banking sector after a brief suspension in the trading of Italian banks.
  • FTSE 100 gained 0.4% or 23.3 points to 5,697.7. FTSE 250 added 0.7% or 74.5 points to 11,528.2.
  • ARM Holdings rose 3.8%, amid better sales prospects, as Panmure Gordon cited the results from Orcale and Accentire as signs of healthy growth in the IT sector.
  • Rolls-Royce advanced 3.2%, after the company and its partner Daimler stated that they have secured full control of German engine maker Tognum.
  • GKN added 3.1%, helped by better-than-expected results from some global Chinese automakers.
  • Miners, BHP Billiton, Antofagasta and Rio Tinto, gained between 2.2% and 2.5%, tracking higher base metal prices.
  • Banks, Lloyds Banking Group, Royal Bank of Scotland and Barclays, dropped between 2.5% and 4.1%, following a brief suspension in the trading of Italian banks UniCredit and Intesa Sanpaolo.
  • For more on trading UK shares see spread betting on UK shares.


Forex Spread Betting Markets

  • At 0400 BST today, the GBP is trading 0.2% lower against the USD at 1.5926, slightly higher against the EUR at €1.1272 and 0.1% higher against the JPY at ¥128.54.
  • The EUR is trading 0.2% lower against the USD at $1.4129, as investors remained worried, ahead of Greece key parliamentary votes on austerity measures.
  • The EUR is trading 0.1% higher against the JPY at ¥114.04.
  • The NZD is trading lower against the USD, after a report showed that the New Zealand’s trade surplus in May was lower than market expectations.
  • On Friday, the USD ended higher against most of major currencies, as persisting worries over Eurozone debt crisis increased the demand for safe assets. The USD also strengthened, as US government reported that orders of durable goods rose more-than-expected in May.
  • For more on trading the forex markets see forex spread betting.


Commodities Spread Betting Markets

  • Gold for immediate delivery is trading 0.1% higher today, at $1,502.15 per ounce.
  • Gold prices for August delivery fell 1.3% or $19.60 to $1,500.90 per ounce on Friday, as a stronger dollar decreased the demand for the precious metal.
  • In Asia, crude oil for August delivery is trading 46 cents lower at $90.70 per barrel.
  • On Friday, crude oil for August delivery closed 0.2% or 14 cents higher at $91.16 per barrel, recovering from previous session losses.
  • 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.


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"UK Spread Betting Market Review" last update by R Thomas, 27-Jun-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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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.

* Spread betting is tax free in the UK. This tax free status is subject to change and can differ if you pay tax outside the UK.


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