FTSE Eases Off 5600 High: Financial Spread Betting News
Financial Market Comments from Anthony Grech, Market Strategist, IG Index.
In mid-morning trading, shares in London are a little softer as the FTSE 100 eases back from 18-month highs.
At the start of today the FTSE 100 pushed through the 5600 level but this has proved to be unsustainable so far.
Oil services business Petrofac is the best blue-chip performer this morning, with its full year results finding favour with investors.
Profits were up 33% compared to the previous year and the company gave a positive outlook for 2010.
Petrofac’s share price has moved out to fresh all-time highs and this, together with continued strength in oil, is helping to fuel expectations of even greater gains to come.
Looking ahead to the US at the moment we are expecting a little weakness on the open for the Dow Jones, but nothing too drastic.
Early trading is suggesting a slide of around 15 points but traders will be eyeing the 10,500 level for signs of potential support.
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.
Good Luck!
DB
The above comments do not constitute investment advice 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.
0 comments
There are currently no comments. Please start by filling out the form below.
You must log in to post a comment.