FTSE 100 Index Reaches Month Highs on EcoFin Debt Talk
|
|
 |
UK Market Comment, 16 September 2011
Closing comments from David Jones, Chief Market Strategist, IG Index:
Heading into the close, the FTSE 100 looks set to enjoy its fourth straight day of gains.
The FTSE 100 index has briefly flirted with its best levels since the beginning of the month.
The European finance meeting in Poland has produced encouraging noises about the debt problem, but reports suggesting that the next stage of the Greek bailout will be delayed are taking some of the shine off the day.
With the meeting continuing into the weekend and rumours of a potential downgrade from Italy looming, it’s not much of a shock to see traders exiting positions in the last minutes of the day.
This is the fourth time in as many weeks that the FTSE 100 has pushed back to the 5400 level, so far it has lacked the conviction to push much higher.
It’s difficult to see any immediate catalysts for fresh buying, although the Federal Reserve’s policy meeting next week has prompted some speculation of further central bank assistance in the form of Q3.
At the moment, it would take some sort of surprise assistance to drive stock market indices meaningfully higher from here, the risk is that the familiar down pressure will return on Monday.
How and where to spread bet on:
FTSE 100, where to find free charts, live pricing, how to trade etc >> FTSE 100 Spread Betting
Stock Market Indices, where to find free charts, live pricing, how to trade etc >> Stock Market Indices 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, 15 September 2011
Closing comments from Ben Critchley, Sales Trader, IG Index:
Heading into the close, it looks set to be a strong finish for UK shares thanks to the actions of various central banks.
Traders were somewhat distracted during the morning session by news of the discovery of a rogue trader at Swiss Bank, UBS, having run up a loss of $2 billion.
It was a fairly quiet couple of hours for the FTSE 100 shares, although Kingfisher found favour on the back of good six monthly results.
The main jolt for markets was just ahead of the US open.
A coordinated intervention by various central banks, led by the ECB, with the aim of providing liquidity, gave European stock markets a sharp boost.
It was the French banks where the effect was clearly seen with the likes of BNP Paribas up by 20% in short order as these institutions would have appeared to have struggled to borrow on capital markets in recent weeks.
It’s the biggest intervention since the co-ordinated rate cut by various central banks in October 2008, and comes on the three year anniversary of the demise of Lehman Brothers.
Although it has lifted markets in the short-term the next few days will be telling to see if investors feel that it is more a pre-emptive strike in an attempt to slow down the crisis in the short-term, without actually offering a real solution.
How and where to spread bet on:
Kingfisher, where to find free charts, live pricing, how to trade etc >> Kingfisher Spread Betting
BNP Paribas, where to find free charts, live pricing, how to trade etc >> BNP Paribas 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.
'FTSE 100 Index Reaches Month Highs on EcoFin Debt Talk' edited by AG, updated 16-Sep-11
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!
|
|
