Spread Betting Markets Perform Well as Crude Oil Spreads Rise
In mid-morning trade, London shares have made a strong start with the mining sector leading the way.
After a weak close on Thursday, following another earthquake in Japan, the spread betting markets have bounced back strongly this morning as it became clear this was not as bad as first feared.
There are gains across a broad brush of sectors with miners the most prominent as various commodities continue to strengthen.
Not even a move by the crude oil spreads to their best levels since September 2008 is dampening sentiment today and investors are once again eyeing the 6100 mark on the FTSE index as the next major hurdle.
Looking ahead to the US open, it looks set to be a positive start to the last day of the week on Wall Street, with the Dow futures currently forecasting a stronger open, 35 points higher than Thursday’s close.
In recent sessions, the US index has started to nudge out to fresh 34-month highs, giving a clear signal that the market is back in “risk-on” mode after the volatility seen in March.
Spread betting carries a high level of risk to your capital. You may lose more than your initial investment. It may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
Financial Market Comments from Anthony Grech, Head of Research, IG Index.
The above comments do not constitute investment advice and Clean Financial accepts no responsibility for any use that may be made of them.
Content provided by IG Index which is Authorised and regulated by the Financial Services Authority. FSA Register number 114059.
April 8, 2011 No Comments