Indices Trading News
Financial Market Comments from Philip Gillett, Sales Trader, IG Index.
In mid-morning trading there has been a softer start to UK stocks.
We are seeing some slight losses on the day so far for the FTSE 100 although the latest GDP revision has brought about an air of stability to London shares.
GDP for the second quarter has been revised to show a drop of 0.6% rather than the previous 0.7% reported and this release has managed to stem the initial sell-off.
Although markets have lacked direction over the past week, there is still a healthy appetite among traders for picking up bargains on the dips.
The latest leg of the recovery that started in July has notably slackened during this month but overall markets still look set to push out to fresh highs for the year, albeit at a more gradual pace than we have been used to recently.
Looking ahead to the US open, at the moment we are expecting little for the Dow Jones index when trading starts this afternoon but with the Case Shiller housing and also the consumer confidence figures due out it could set up a volatile finish to trading in London.
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.