Indices Spread Betting: DAX 30 Tumbles as US ADP Data Drops
|
|
 |
UK Market Comment, 2 May 2012
Closing comments from Yusuf Heusen, Sales Trader, IG Index:
Heading into the close, the FTSE 100 is set to surrender almost all of yesterday’s gains as a result of a weak US employment report.
A fairly somnolent morning session gave way to a more dramatic afternoon, as the precursor to Friday’s Non Farm Payrolls provided a nasty surprise.
It had been hoped that today’s ADP figure, the private sector counterpart to the official government number, would show growth of 170,000 jobs during April.
Although this would have been lower than the March number, it still lies within the broadly respectable range that we have come to appreciate so far in 2012. However, the actual number was a far less ebullient 119,000.
When combined with this morning’s worrying Eurozone data, which raises the unnerving prospect that contagion is seeping irretrievably into the strong Teutonic core, today’s US job numbers do little for risk appetite.
Crucially, they don’t exactly set up a positive outlook for Friday, and while there is the possibility that Non Farms will beat expectations, the mood until then is likely to remain firmly downbeat.
How and where to spread bet on:
DAX 30, where to find free charts, live pricing, how to trade etc >> DAX 30 Spread Betting
FTSE 100, where to find free charts, live pricing, how to trade etc >> FTSE 100 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, 1 May 2012
Closing comments from Chris Beauchamp, Market Analyst, IG Index:
Heading into the close, the FTSE 100 is up around 65 points, after springing into life following strong US manufacturing data.
The still calm of the day's session was shattered during the afternoon, when the US ISM manufacturing report for April was released.
Data showed that the index jumped during the month to 54.8, well ahead of the forecast reading, and its strongest level since June of last year.
The news was sufficient to cause US indices to recoup the small losses incurred earlier in the session, and when combined with this morning's reasonable China data, was enough to prompt an impressive afternoon rally in London.
The vast majority of London's leading index was in the blue, although BP and Man Group continued to struggle following weak corporate updates this morning.
Today's US data helped to shake off some of the wariness among investors that had persisted in the wake of weaker GDP figures last week.
However, the countdown to Non Farms on Friday now begins in earnest, with ADP employment numbers tomorrow setting the stage for the fun later in the week.
How and where to spread bet on:
S&P 500, where to find free charts, live pricing, how to trade etc >> S&P 500 Spread Betting
Wall Street, where to find free charts, live pricing, how to trade etc >> Wall Street 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.
'Indices Spread Betting: DAX 30 Tumbles as US ADP Data Drops' edited by AG, updated 02-May-12
Related Articles:
UK Shares Spread Betting: Barclays Rises as Chairman Resigns Over LIBOR Scandal, updated 02-Jul-12
Spread Betting Comment - UK shares have made a positive start to the second half of the year. Barclays is up by around 3% as investors seemed to view the resignation of its chairman as a step in the right direction after the LIBOR scandal...read article: UK Shares Spread Betting: Barclays Rises as Chairman Resigns Over LIBOR Scandal.
Barclays Shares Drag FTSE 100 Lower on LIBOR Rate Fixing Scandal, updated 28-Jun-12
Spread Betting Comment - Heading into the close the FTSE is in poor shape, down 80 points as the Eurozone crisis and the LIBOR scandal hit sentiment. Barclays is coming under heavy fire now from all corners, as politicians weigh in with their views on the...read article: Barclays Shares Drag FTSE 100 Lower on LIBOR Rate Fixing Scandal.
Spread Betting Markets Struggle on Conflicting European Political Opinion, updated 26-Jun-12
Spread Betting Comment - Despite several valiant attempts, spread betting markets remain stuck in a downbeat mood for a second consecutive day. Germany won't take on everyone else's liabilities and the other countries...read article: Spread Betting Markets Struggle on Conflicting European Political Opinion.
FTSE 100 Futures Slide as Moody's Downgrades UK Banking Sector, updated 22-Jun-12
Spread Betting Comment - Heading into the last hour of trading, the FTSE 100 is down around 45 points on the day. In the US session last night, anticipation was building ahead of the expected bank downgrades by Moody's. These came well after the Wall Street...read article: FTSE 100 Futures Slide as Moody's Downgrades UK Banking Sector.
UK Spread Betting: Speculation of Fed Stimulus Boosts FTSE 100, updated 20-Jun-12
Spread Betting Comment - In UK spread betting, the FTSE 100 added modestly to yesterday's gains, with the index around 25 points higher. The countdown to the latest Fed meeting is underway, and it still seems that most people are hoping for more stimulus from the...read article: UK Spread Betting: Speculation of Fed Stimulus Boosts FTSE 100.
Financial Spread Betting Markets Struggle Despite Pro-Bailout Greek Election Result, updated 18-Jun-12
Spread Betting Comment - Afternoon trading in London has seen the FTSE remain in positive territory, although there seems to be a distinct lack of enthusiasm among financial spread betting investors. The elections in Greece change nothing; the country is still faced with...read article: Financial Spread Betting Markets Struggle Despite Pro-Bailout Greek Election Result.
Spanish 35 Index Spread Betting Market Rises as Bond Yields Ease, updated 13-Jun-12
Spread Betting Comment - Spain stands out from the crowd today as the Spanish 35 index spread betting market has moved higher by 1.4%, with peripheral European bond yields having eased over the day. Italy limped through a short-dated auction today with...read article: Spanish 35 Index Spread Betting Market Rises as Bond Yields Ease.
Indices Spread Betting: FTSE 100 Sees Early Gains as Spain Requests Bailout, updated 11-Jun-12
Spread Betting Comment - Following the weekend's confirmation that Spain was going to request assistance for its troubled banking sector, there was some confusion about how the indices would react. A strong opening saw the FTSE 100 up almost 100 points in early trade, but the...read article: Indices Spread Betting: FTSE 100 Sees Early Gains as Spain Requests Bailout.
FTSE 100 Financial Spread Betting Market Tumbles on Poor US Data, updated 31-May-12
Spread Betting Comment - It's been yet another turnaround day for markets, as the FTSE 100 gives up its gains for the day and falls back into negative territory once more. US GDP, the ADP employment change number and the Chicago PMI all fell short of forecasts as...read article: FTSE 100 Financial Spread Betting Market Tumbles on Poor US Data.
Online Spread Trading Markets Struggle as Spanish Bond Yields Spike, updated 28-May-12
Spread Betting Comment - The prospect of Spain heading into the abyss has begun to preoccupy global markets this afternoon. Spanish bond yields are spiking to multi-month highs, and the ratio of Spanish 10-year bonds to their German equivalent is at...read article: Online Spread Trading Markets Struggle as Spanish Bond Yields Spike.
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!
|
|
