FTSE Spread Betting Market Rises as Final Greek Deadline Approaches

FTSE Spread Betting Market Rises as Final Greek Deadline Approaches

Risk continues to remain attractive to investors who seem happy to add to their equity portfolios as they feel that a deal on Greek debt is imminent.

As negotiation deadlines slipped once again, the final last minute deadline continues to approach. In order to ratify any deal with bond holders, and to get through the further austerity measures being demanded by the troika, votes have to be passed in the Greek parliament before 15th February.

It comes as little wonder that negotiations have taken so long as all options have been discussed. In addition, the existing Greek administration is a mix of three different political parties, all with their own ideas and ambitions in the coming months with Greek elections due in April.

Despite what some in the market think about a Greek default and exit from the euro, political resolve from the likes of France and Germany has never been stronger and so the pressure is really mounting on the Greek government.

Today the troika is due to speak all three coalition leaders individually. This could be enough to push the deal making over the line and that's what investors are thinking which is pushing the indices spread trading markets higher.

Word in the bonds spread betting markets is that the private bond holders will take a 70% hit on their Greek bonds. However, the other key variable is to pass the next round of austerity through the Greek parliament in the face of continued mounting opposition from the population.

Today's one on one meetings might just achieve the latter and, for the bond holders, they have to appreciate that they are lucky not to be seeing an outright 100% write down and default.

So if the deal is actually achieved, what does that mean for the likes of Portugal and Ireland? Surely, they'll be thinking if Greece can take such a big write down why can't we?

Thankfully Portugal and Ireland are very different cases to Greece and have already been having quite a bit more success in getting their houses in order. As a result, the other bet that equity investors are making is that contagion will be averted.

So at the time of writing the FTSE spread betting market is a few points in the black this morning, above the 5900 level.

However, our spread betting account holders continue to oppose the upward trend in the belief that the rally has to come to an end at some point.

The feeling is that, as they continue to creep higher, the spread trading markets are just building themselves up for disappointment at some point and any correction when it does come will be even more severe.

For the bulls however the grind higher is only going to build, and for now with the 5900 hurdle being overcome the major psychological 6000 level isn't all that far away.

Stock Market Spread Betting News

For the most up-to-date stock market spread betting news, see:

Stock Market Spread Betting News

» Brokers Tips

» Market Commentary

» Index Spread Betting News

» Financial Trading Review

» Mid-Morning Trading Update

» Financial Market Data

» Closing Market Commentary

Under no circumstances are the comments and the information provided herein to be considered an offer or solicitation to invest and nothing herein should be construed as investment advice.

Neither CleanFinancial.com nor Financial Spreads or any contributing author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.

Financial Spreads » "With FinancialSpreads.com you get all the advantages of
Spread Betting as well as commission free CFD Trading on 2,500+ markets, 24 hour trading, professional level charts and..." read Financial Spreads review.

US Stocks Spread Betting: Dow Jones Surges as President Obama is Re-Elected, updated 07-Nov-12
President Obama has been re-elected and given another four years to complete his vision of change. The Dow Jones rallied 130 points as US stocks came to terms with...read article: US Stocks Spread Betting: Dow Jones Surges as President Obama is Re-Elected.

Indices Spread Betting Markets May Fall if Romney Wins US Presidential Election, updated 15-Oct-12
A new President would throw up all sorts of questions but, most importantly for the indices spread betting markets, what would Romney do to prevent a US recession? The Republicans have plans to replace Ben Bernanke and...read article: Indices Spread Betting Markets May Fall if Romney Wins US Presidential Election.

Online Spread Betting Investors Remain Unconvinced Despite Leaked ECB Bond Purchases Plan, updated 06-Sep-12
All eyes will be on the ECB today, but leaks from the central bank have already suggested that they will carry out unlimited 3 year bond purchases. Unfortunately, online spread betting investors remain...read article: Online Spread Betting Investors Remain Unconvinced Despite Leaked ECB Bond Purchases Plan.

Spread Betting Investors Sell the FTSE 100 as Poor UK Tax Income Encourages Pessimism, updated 24-Aug-12
FinancialSpreads' spread betting account holders remain heavily short of the FTSE 100, and so the retail expectation is obviously that more disappointment is on the way. The lower-than-expected tax take for...read article: Spread Betting Investors Sell the FTSE 100 as Poor UK Tax Income Encourages Pessimism.

FTSE 100 Futures Fall as UK Borrowing Figures Surprise to the Upside, updated 22-Aug-12
News of the rising UK borrowing figures saw the FTSE 100 reject the resistance at 5875/85 yesterday. Whilst the rest of the economy struggles, cuts costs and makes sacrifices, the public sector...read article: FTSE 100 Futures Fall as UK Borrowing Figures Surprise to the Upside.

Shares Spread Trading: Standard Chartered Rises on $350m Settlement for Iranian Trades, updated 15-Aug-12
Standard Chartered have agreed a 'payment' to regulators of $340m in settlement of the US's ever widening legal umbrella. As a result, their share price is seeing a bounce this morning but, in the US, it is never a case of ...read article: Shares Spread Trading: Standard Chartered Rises on $350m Settlement for Iranian Trades.

UK Shares Spread Betting: Standard Chartered Plummets on Iranian Money Laundering Allegations, updated 07-Aug-12
We are seeing bad news for banks once again as the daggers are out for Standard Chartered, with US regulators making money laundering allegations. The stock is being absolutely smashed this morning, down nearly ...read article: UK Shares Spread Betting: Standard Chartered Plummets on Iranian Money Laundering Allegations.

Financial Spread Betting Markets Rise Despite Chinese Growth Hitting a 3 Year Low, updated 13-Jul-12
Concerns over the Chinese economy have been around for months. The overnight GDP release, that showed growth slowing to its worst level in three years, is certainly a cause for concern. So why aren't the financial spread betting markets...read article: Financial Spread Betting Markets Rise Despite Chinese Growth Hitting a 3 Year Low.

UK Spread Betting: Barclays Struggles After Fine for Fixing Libor Rates, updated 28-Jun-12
Barclays is reeling on the UK spread betting markets from the news that there may have been some collusion between the money market desk and the swaps desks over the fixing of the Libor rates. The fines from the regulators...read article: UK Spread Betting: Barclays Struggles After Fine for Fixing Libor Rates.

UK Shares Spread Betting: Declining M&S Sales Weigh on FTSE Retailers, updated 17-Apr-12
The UK shares spread betting market is focusing on the retail sector this morning. High Street bellwether Marks and Spencer may not be the biggest retailer in the UK but today's numbers have come as rather a shock. For a stock that...read article: UK Shares Spread Betting: Declining M&S Sales Weigh on FTSE Retailers.

Bullish FOMC Tone Boosts Dow Jones Spread Betting Market to Pre-Lehman Levels, updated 14-Mar-12
The shorter FOMC meeting last night struck a bullish tone and fuelled the rally in the Dow Jones spread betting market which took it beyond the 13000 mark, to its highest level since 2007. This takes us back to pre-Lehman times and...read article: Bullish FOMC Tone Boosts Dow Jones Spread Betting Market to Pre-Lehman Levels.

EUR/USD Spread Betting Market Surges Ahead of Second ECB LTRO, updated 28-Feb-12
On the forex spread betting markets, the EUR/USD spread betting market surged in anticipation of the ECB's second LTRO. Round one of the LTRO was a success as far as the ECB is concerned as...read article: EUR/USD Spread Betting Market Surges Ahead of Second ECB LTRO.

FTSE Spread Betting Market Rises as Final Greek Deadline Approaches, updated 08-Feb-12
The FTSE spread betting market is above the 5900 level as risk continues to remain attractive to investors who seem to feel that a deal on Greek debt is imminent. As negotiation deadlines slip once again, the final deadline continues to...read article: FTSE Spread Betting Market Rises as Final Greek Deadline Approaches.

EUR/USD Spread Betting Market Rises Despite Struggling Greek Debt Talks, updated 23-Jan-12
The deadline for the struggling Greek debt talks continues to be pushed back and the Greek situation wasn't looking good going into the weekend. However, the creditors' offer this morning has seen the EUR/USD spread betting market rise despite...read article: EUR/USD Spread Betting Market Rises Despite Struggling Greek Debt Talks.

Bullish Indices Spread Betting Markets Rally on Strong European Bond Auctions, updated 20-Jan-12
The indices spread betting saw a glimmer of hope for the Eurozone yesterday on some strong bond auctions. The FTSE 100 index has opened firmly above its 200 day moving average with US indices also...read article: Bullish Indices Spread Betting Markets Rally on Strong European Bond Auctions.

Q) Average Trading Results?

A) Get free trading tips, offers, price updates, important news and more! All Free - Click here!

Risk Warning: Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading 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.

The contents on CleanFinancial.com are for information purposes only and are not intended as a recommendation to trade. Nothing on this website should be construed as investment advice.

Neither CleanFinancial.com nor any contributing company/author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.

* Tax law is subject to change or may differ if you pay tax in a jurisdiction other than the UK.

1) Daily Trading Tips

2) Financial Tips

3) Financial Tipping