DAX Spread Betting Market Outperforms on Greek Bond Swap Optimism
|
|
 |
UK Market Comment, 8 March 2012
Closing comments from David Jones, Chief Market Strategist, IG Index:
Approaching the UK close, the FTSE has managed to maintain most of its morning gains, and is up 51 points (0.9%) at 5842.
The FTSE's gains today have been bettered across Europe's major bourses, with the DAX and CAC both rising in excess of 1%, after increasingly optimistic noises over a successful outcome for the Greek bond swap deal.
With the deadline of 8pm fast approaching, we can expect to find out at 6am tomorrow morning.
Adding to the latest wave of positive sentiment was a better-than-expected increase in German industrial output for December. This came after a jump in construction activity led to a 1.6% rise in production following a 2.6% fall the month before.
Earlier today, the central banks of the UK and Eurozone kept base rates at their current levels of 0.5% and 1% respectively, marking three years for the UK's record-low interest rates.
Across the Atlantic, it's been a slightly more muted, but still positive start, with the Dow up 47 points (0.4%).
After what is hoped will be a positive outcome for Greece and the Eurozone, all eyes will turn to Friday afternoon's Non Farm Payrolls.
A third consecutive upbeat reading could herald a more optimistic ending to a week which began in rather more gloomy fashion.
How and where to spread bet on:
CAC, where to find free charts, live pricing, how to trade etc >> CAC Spread Betting
DAX, where to find free charts, live pricing, how to trade etc >> DAX Spread Betting
The above comments do not constitute investment advice and neither IG Index nor Clean Financial accept any responsibility for any use that may be made of them.
IG Index » "With IG Index you get all the normal advantages of
Spread Betting plus 8000 markets, narrow spreads, advanced charting,
24 hour spread betting ..." » read
IG Index review.
|
UK Market Comment, 7 March 2012
Closing comments from Chris Beauchamp, Market Analyst, IG Index:
Markets have shown little appetite to add to the gains made this morning, with the FTSE looking to end the day 25 points higher.
Stock markets remain firmly in consolidation mode, as investors recover their composure after yesterday's heavy falls.
There has been little reason to get excited today, as ADP numbers were almost exactly in line with expectations, showing that the US economy added 216,000 jobs, just ahead of the 215,000 forecast.
Previous numbers from this data point have been significantly better than forecasts, but this number at least suggests that there might not be too many fireworks on Friday when the Non Farm Payrolls data is released.
In individual shares, Admiral has bobbed higher following decent profit numbers, while mining stocks have tempted in the buyers after two days of heavy falls.
Looking ahead, final news on the Greek bond swap is expected on Thursday evening, and this, combined with Friday's US employment numbers, means that markets are likely to remain in 'wait and see' mode for much of the second half of this week.
Traders will be wary of being caught out by these twin events, suggesting the current period of quiet trading is not finished just yet.
How and where to spread bet on:
FTSE, where to find free charts, live pricing, how to trade etc >> FTSE Spread Betting
Admiral, where to find free charts, live pricing, how to trade etc >> Admiral Spread Betting
The above comments do not constitute investment advice and neither IG Index nor Clean Financial accept any responsibility for any use that may be made of them.
IG Index » "With IG Index you get all the normal advantages of
Spread Betting plus 8000 markets, narrow spreads, advanced charting,
24 hour spread betting ..." » read
IG Index review.
|
Risk Warning: Financial Spread Trading and CFDs carry a high level of risk to your capital. You may lose more than your initial investment. They 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.
Article provided / approved by IG Index which is authorised and regulated by the Financial Services Authority (FSA), FSA Register number 114059.
'DAX Spread Betting Market Outperforms on Greek Bond Swap Optimism' edited by AG, updated 08-Mar-12
Related Articles:
UK Market Trading, updated 17-May-13
The Late Trading Update - A quick look at the markets as they close with insight from one of the leading Spread Betting Companies...read article: UK Market Trading.
UK Market Spread Trading, updated 16-May-13
Free spread betting market updates - A daily look at the spread betting markets as they close with views and opinion from one of the leading Spread Trading Companies...read article: UK Market Spread Trading.
Manufacturing Data Boosts New Zealand Dollar/US Dollar Spread Betting Market to 20-Month High, updated 11-Apr-13
Spread Betting Comment - The New Zealand dollar topped the currency scoreboard pushing to 20-month highs against the dollar, supported by data that manufacturing activity had expanded last month. The US dollar was the worst performer...read article: Manufacturing Data Boosts New Zealand Dollar/US Dollar Spread Betting Market to 20-Month High.
UK Shares Spread Betting: British Banks Slip as Cyprus Struggles to Raise Funds, updated 08-Apr-13
Spread Betting Comment - British banks are in the red today as Cyprus is still not out of the woods. The indebted island nation needs to raise €75 million before the bailout will be unlocked and dealers will be reluctant to go long of...read article: UK Shares Spread Betting: British Banks Slip as Cyprus Struggles to Raise Funds.
European Equity Spread Betting Markets Rebound on Mario Draghi Comments, updated 04-Apr-13
Spread Betting Comment - European stocks took a tumble once Mario Draghi opened his mouth, but as soon as he reassured investors that he is committed to saving the single currency, European equities edged towards...read article: European Equity Spread Betting Markets Rebound on Mario Draghi Comments.
Global Growth Concerns Weigh on Gold and Copper Spread Betting Prices, updated 02-Apr-13
Spread Betting Comment - As copper prices trade near a seven-month low on global growth concerns, and gold has fallen 1.3% on the day, the mining sector has declined in sympathy. Kazakhmys has shed 5.3%. Following a low-volume negative session yesterday...read article: Global Growth Concerns Weigh on Gold and Copper Spread Betting Prices.
UK 100 Spread Betting Market Rises After Dijsselbloem Comments Cause Fall, updated 27-Mar-13
Spread Betting Comment - Going into the close, the UK 100 succeeded in gripping the 6400 level, adding 22 points on the day. European markets regained some poise but largely consolidated in the aftermath of the Dijsselbloem comments. The single currency...read article: UK 100 Spread Betting Market Rises After Dijsselbloem Comments Cause Fall.
FTSE Shares Spread Betting: London Stocks Rise Ahead of Cypriot Bailout Deadline, updated 25-Mar-13
Spread Betting Comment - As we approach the end of the trading day the FTSE is up 37 points at 6425. In London, stocks are edging higher as we near the deadline for the Cyprus deal. It is back to the drawing board for the Cypriot government as the...read article: FTSE Shares Spread Betting: London Stocks Rise Ahead of Cypriot Bailout Deadline.
FTSE Spread Betting Market Tumbles Ahead of Cypriot Bailout Deadline, updated 21-Mar-13
Spread Betting Comment - Heading into the close, the FTSE is down 50 points, as it finally begins to suffer from a bout of Cyprus-inspired jitters. Cyprus has until Monday to come up with a bailout plan. No plan means the failure of Cypriot banks since...read article: FTSE Spread Betting Market Tumbles Ahead of Cypriot Bailout Deadline.
UK Shares Spread Betting: Sainsbury's Rises on Increased Sales Figures, updated 19-Mar-13
Spread Betting Comment - Those UK shares spread betting investors trading Sainsbury's are happy today, with the shares rising 1.6% after strong results. The supermarket chain posted a 33rd consecutive quarter of rising sales, with online sales...read article: UK Shares Spread Betting: Sainsbury's Rises on Increased Sales Figures.
First Page << 1 2 3 4 5 6 7 8 9 10 11 12 >> Last Page
Daily Closing Market Comments Index
Index of UK financial market trading articles - the regular closing market comments from IG Index...see Index.
|
|
Q) Average Trading Results?
A) Get free trading tips, offers, price updates, important news and more!
|
|
