FTSE Spread Betting Market Weakens on German Comments Ahead of G20 Summit
|
|
 |
UK Market Comment, 17 October 2011
Closing comments from David Jones, Chief Market Strategist, IG Index:
Heading into the close, the FTSE has performed an about-turn today, leaving it around 1 per cent lower so far.
It was shaping up to be another day of solid gains in the first couple of hours of Monday’s session, with indices spread betting investors taking heart from this weekend’s G20 meeting, suggesting a solution to the European debt crisis was merely days away.
However, German officials clearly decided that a degree of expectation management was needed, and a statement was made warning that if anyone expected a package to be in place by next Monday then they were setting themselves up for disappointment.
With the FTSE having gained around 600 points in the last couple of weeks on what appeared to be just verbal reassurance from politicians that everything would be okay, today has maybe served to inject some caution back into the market.
At the moment, it is just a one-day fall, and there is nothing to suggest that we are going to go back to the stomach-lurching dives experienced in the last couple of months – but it could well make for some subdued moves in the days ahead until the result of next weekend’s European finance meeting is clear.
How and where to spread bet on:
FTSE, where to find free charts, live pricing, how to trade etc >> FTSE Spread Betting
Indices, where to find free charts, live pricing, how to trade etc >> 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, 14 October 2011
Closing comments from David Jones, Chief Market Strategist, IG Index:
Heading into the close the FTSE looks set for its highest close since the beginning of August.
It has been another good performance by the FTSE 100 today, leaving the index set to finish at its best close since 3 August.
Following the successful Slovakian vote late on Thursday, continued optimism that the European debt crisis is close to being contained has ensured sentiment has remained positive at the end of the trading day. In addition a good performance from the heavyweight mining sector has helped to support the FTSE.
This strength means that the market has finally broken out of the wide sideways range that had been in place following the steep falls in early August.
Traditionally, this sort of move upwards through previous barriers would be seen as a positive sign, indicating that we are seeing a major shift in sentiment by investors and suggesting further upside left to come.
There are a couple of notes of caution before we crack out the champagne and start looking for 6000 again on the FTSE.
First of all, volumes this week have been lower than normal which can lead some to question the breadth of a recovery; Monday was the sixth lowest volume day this year.
And although the US has also enjoyed good gains this week, at the London close the Dow and the S&P 500 are still below their respective September highs.
But, it is an undeniably positive end to the week for the FTSE, with many investors hoping that this is just the start of a more substantial recovery.
How and where to spread bet on:
FTSE, where to find free charts, live pricing, how to trade etc >> FTSE Spread Betting
S&P 500, where to find free charts, live pricing, how to trade etc >> S&P 500 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 Spread Betting Market Weakens on German Comments Ahead of G20 Summit' edited by AG, updated 17-Oct-11
Related Articles:
UK Market Trading, updated 23-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 22-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!
|
|
