Spread Betting Trading Signals Snapshot

• FTSE 100 fell marginally to 5,517.4.
• FTSEurofirst 300 index declined 0.5% or 5.3 points to 970.2.
• DJIA edged up 0.1% to close at 12,096.2. NASDAQ gained 1.1% to settle at 2,686.2. S&P 500 inched 0.5% higher to end at 1,257.8.
• Nikkei 225 index is trading 0.7% lower, at 8,486.0.
• In Asia, crude oil for December delivery is trading 0.9% or $0.90 lower at $98.47 per barrel.
• At 0400 BST today, the GBP is trading 0.2% lower against the USD at $1.5769, 0.2% higher against the EUR at €1.1721, and 0.2% lower against the JPY at ¥121.52.
• For more on trading stock market indices see spread betting on indices.

UK Spread Betting Trading Signals

• UK markets retreated yesterday, led by a decline in mining and financial sector stocks, as a surge in Spanish and Italian government bond yields rekindled fear of a debt crisis.
• Retailer, Burberry, the top laggard on the FTSE 100 index, lost 5.2%, amid profit booking and as the company did not raise its profit forecasts, despite reporting a 26% rise in six-month adjusted profit.
• Among financial stocks, Lloyds Banking Group, Barclays and Royal Bank of Scotland slipped between 1.6% and 3.8%, amid uncertainty in the Eurozone.
• Essar Energy declined 4.7%, as a broker trimmed its earnings forecasts, citing project delays and cost escalation fears.
• Vedanta Resources retreated 1.1%, amid reports that it might bid for New Hope Corp, the Australian coal miner.
• Cable & Wireless Worldwide slumped 26.1%, after it suspended future dividend payments and named Gavin Darby as CEO.
• FTSE 100 fell marginally to 5,517.4. FTSE 250 inched 0.9% lower to 10,260.1.
• Smith & Nephew rose 3.5%, amid speculation that it might be a target for takeover.
• Fresnillo added 3.0%, in line with a rise in silver prices.
• Tate & Lyle advanced 1.9%, amid expectations that it would join the MSCI Europe as part of a bi-annual index review.
• British American Tobacco added 1.7%, after Goldman Sachs preferred the stock over Imperial Tobacco.
• Burberry tumbled 5.2%, despite reporting a 26% rise in its six-month adjusted profit.
• Essar Energy fell 4.7%, after it reported delay in its projects.
• Banking stocks, Lloyds Banking Group, RBS and Barclays, declined between 1.6% and 3.8%, as risk aversion increased among investors.
• Glencore International dropped 3.7%, ahead of its third-quarter results.
• Lonmin eased 2.7%, following a fall in platinum prices.
• For more on trading UK shares see spread betting on UK shares.

Forex Spread Betting Trading Signals

• At 0400 BST today, the GBP is trading 0.2% lower against the USD at $1.5769, 0.2% higher against the EUR at €1.1721, and 0.2% lower against the JPY at ¥121.52.
• The EUR is trading 0.4% lower against the USD at $1.3454.
• The EUR is trading 0.4% lower against the JPY at ¥103.68.
• The EUR/USD and EUR/JPY are trading lower, following reports that Spain and France would sell notes, and after Italy’s borrowing costs continued to remain high.
• The AUD and NZD are trading lower against the USD, as concerns that the global economy recovery is slowing, dampened demand for higher-yielding assets
• Yesterday, the USD ended higher against the most of its major peers. This came amid concern that the sovereign debt crisis would spread, after borrowing costs for Italy, Spain and core members of the Eurozone rose, increased the demand for safer haven assets.
• The GBP closed higher against the CHF and the JPY, despite a report showing that UK’s inflation slowed more-than-expected in October.
• For more on trading the forex markets see forex spread betting.

Commodities Spread Betting Trading Signals

• Gold for immediate delivery is trading 0.5% lower today, at $1,769.29 per ounce.
• Gold for December delivery rose 0.2% or $3.80 to settle at $1,782.20 per ounce yesterday, as renewed Eurozone sovereign debt concerns forced investors to purchase the yellow metal as a safe haven asset.
• A rise in the dollar, along with better-than-expected US retail sales and regional manufacturing activity data, kept any gains for Gold in check.
• In Asia, crude oil for December delivery is trading 0.9% or $0.90 lower at $98.47 per barrel.
• Yesterday, crude oil for December delivery rose 1.3% or $1.23 to settle up to $99.37 per barrel. This came as US retail sales showed stronger-than-expected growth in October, and after New York’s regional manufacturing activity came positive for the first time in five months.
• For more on commodities trading see commodities spread betting.