FTSE 100 Spreads Rise as Kazakhmys Raises Investment Funds
In mid-morning trade equities have made a positive start to the day.
The FTSE 100 index is slightly higher this morning on what so far has been a quiet session.
Biggest gainers are mining shares with Kazakhmys topping the table at 4% on funds raised for a project in Afghanistan.
There is also talk that shares spread betting prices have too deeply discounted the economic slowdown, although some traders are dismissing this as just wishful thinking by long-term investors.
Looking ahead to the US open, at the moment it looks like the Dow Jones is set to start around 70 points higher than Thursday’s close.
Today’s main economic announcement from the US is inflation with CPI data expected ahead of the open, but this is expected to have little, if any, effect on sentiment.
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 Chris Beauchamp, Market Analyst, 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.
December 16, 2011 No Comments