FTSE 100 Spreads Rebound as ARM Holdings Announce Rising Profits
In mid-morning trade, FTSE 100 spreads have bounced back strongly and are trading near the highs of the day.
After yesterday’s gloomy performance that saw the index have its worst day in six weeks, the positive sentiment has returned today following a solid performance by US shares for most of yesterday’s session.
Apple supplier ARM Holdings is the biggest gainer so far after reporting a 37% jump in pre-tax profit.
The share price is trading just below 12 month highs and this has been quite a barrier to any progress.
As a result, some may end up treating today’s news as an opportunity to take some money off the table.
Looking ahead to the US open, pre-market trading suggests the Dow Jones is set to start around 70 points higher.
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 Rupert Osborne, Futures Dealer, 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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