FTSE 100 Financial Spread Betting Market Rises as Stimulus Rumours Buoy Miners
In mid-morning trade, the FTSE is up around 20 points.
The theme for this week’s trading continues, with strength in the mining sector buoying the FTSE 100.
Once again it is rumours of possible stimulus measures from China and the US which are doing the heavy lifting here.
However, there is also an element of caution that has come back to the financial spread betting markets ahead of the next stage of European discussions.
In addition, Eurozone manufacturing has seen a contraction for the seventh month on the trot, and this is keeping a lid on this morning’s enthusiasm.
Nevertheless, despite the drop seen over the last couple of days, weakness is still finding buyers just below the 5800 mark on the FTSE. In these low-volume sessions, the bias still seems to be more up than down.
Looking ahead to the US, we’re currently expecting the Dow to start around 40 points higher at 13,213.
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 David Jones, Chief Market Strategist, 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.
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