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:
European Spread Betting Markets Trade Higher Ahead of US Election Result, updated 06-Nov-12
Spread Betting Comment - European markets are nervously positive ahead of the US election, and heading into the last hour of trading the FTSE is up 38 points on the day. Traders are concerned with the importance of having in place a stable and effective US President to...read article: European Spread Betting Markets Trade Higher Ahead of US Election Result.
Equity Spread Betting: Chevron Falls as Fire and Maintainance Lower Income, updated 02-Nov-12
Spread Betting Comment - Oil giant Chevron is down 1.7% after the company reported a 33% drop in net income, as a fire in one of their California refineries and scheduled maintenance hit production. Royal Bank of Scotland is off...read article: Equity Spread Betting: Chevron Falls as Fire and Maintainance Lower Income.
UK Shares Spread Bets: BG Group Tumbles After Reducing Production Targets, updated 31-Oct-12
Spread Betting Comment - Traders turned up the heat on BG Group as the energy company lowered its production target for 2012; the stock is down 15% on the day. Barclays is still haunted by its provisions for PPI. The bank is down over...read article: UK Shares Spread Bets: BG Group Tumbles After Reducing Production Targets.
Positive GDP Numbers Boost US Index Spread Trading Markets, updated 26-Oct-12
Spread Betting Comment - Across the pond, the US indices received some cheerful news, as equities opened higher on a confidence boost from better-than-expected GDP numbers. It wasn't all rosy, though, with tech giant Apple nearly 1% lower today after...read article: Positive GDP Numbers Boost US Index Spread Trading Markets.
US Stocks Spread Betting: Facebook Surges 20% on Improving Revenues, updated 24-Oct-12
Spread Betting Comment - Stocks in the US are in the black today after the Dow Jones suffered its biggest one-day loss since June yesterday. Social networking giant Facebook is up over 20% after reporting better-than-expected revenue...read article: US Stocks Spread Betting: Facebook Surges 20% on Improving Revenues.
FTSE Spread Betting Market Falls on Mixed Messages From EU Summit, updated 19-Oct-12
Spread Betting Comment - As we approach the end of the trading week in London, the FTSE is down 15 at 5900 after mixed messages emerge from the EU summit. German Chancellor Angela Merkel would like a banking union in place to oversee...read article: FTSE Spread Betting Market Falls on Mixed Messages From EU Summit.
American Shares Spread Trading: Citigroup Surges as CEO Steps Down, updated 16-Oct-12
Spread Betting Comment - This afternoon's breaking news has been that Citigroup's CEO Vikram Pandit, who has steered the company through some of the toughest markets in their 200-year history, has stepped down with immediate effect. Citigroup's share price moved up sharply on...read article: American Shares Spread Trading: Citigroup Surges as CEO Steps Down.
US Stock Market Indices Rise on JP Morgan Results and Confidence Data, updated 12-Oct-12
Spread Betting Comment - Over in the US, better-than-expected earnings from JP Morgan and strong consumer confidence data from the University of Michigan report has helped US indices move to higher...read article: US Stock Market Indices Rise on JP Morgan Results and Confidence Data.
Index Soread Betting: S&P 500 Struggles as IMF Downgrades Growth Forecasts, updated 10-Oct-12
Spread Betting Comment - Markets are still feeling the effects of yesterday's downgrade to global growth by the IMF. The timing could not have been worse after The World Bank cut China's growth forecast on Monday. The S&P 500 is...read article: Index Soread Betting: S&P 500 Struggles as IMF Downgrades Growth Forecasts.
Dow Jones Spread Betting Market Slips Ahead of European Summit, updated 08-Oct-12
Spread Betting Comment - Half an hour after US markets opened, the Dow Jones spread betting market was down 41 points, with the FTSE 28 points weaker. European finance ministers are meeting in Luxembourg today, and the first to break rank and...read article: Dow Jones Spread Betting Market Slips Ahead of European Summit.
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!
|
|
