Italy 40 Spread Betting
Where Can I Spread Bet on the Italy 40?
You can currently spread bet on the Italy 40 and other indices at:
» IG Index
» CMC Markets
» City Index
The Italy 40 index may be available with other brokers.
Where Can I Trade the Italy 40 for Free?
It depends upon what you mean by free. If you are looking for a free spread betting platform then don't forget that in the UK spread betting is tax free*
You can also spread bet on the Italy 40 and other index markets commission free and with no brokers' fees with IG Index.
Italian Stock Market Updates
||[8:04am] The Italy 40 closed up 59pts (0.28%) at 20,799.
The market is currently trading at 20,784.
Update by Gordon Childs, Editor,
||[12:10pm] The latest video on our trading blog looks at the technical outlook for a range of key markets:
Italy 40 and EUR/USD Rally Despite Change of Italian PM
Update by Gordon Childs, Editor,
||[6:24am] France and Italy Benefit Despite Change of Italian PM
Rather perversely, the recent rebound in optimism has been most noticeable in the two weaker economies in Europe, in the form of France and Italy.
We've seen the CAC 40 retest this year's high whilst the Italy 40 has hit its highest levels since 2011, with Italian 10 year bond yields also hitting their lowest levels since 2006.
What is most surprising about this is the fact that it has been achieved against a backdrop of more political uncertainty.
Matteo Renzi, the Mayor of Florence and new leader of the Democratic Party, staged his own coup against his colleague Enrico Letta, forcing the Italian Prime Minister to step down after only ten months in office.
With Mr Renzi set to be confirmed today and asked to try and form a government, one can only assume that financial markets think that he will succeed in gaining enough support to push through the reforms that his predecessors failed to implement.
This belief does seem naïve in the extreme given that Mr Renzi will come up against the very same problems and dysfunctional political backdrop that bedevilled his predecessors, notwithstanding the fact that he will also be the third unelected Prime Minister in a row.
While political turmoil is nothing new in Italy, the return to growth last week was, but it was meagre at best, and Mr Renzi may not have much of a honeymoon period if all we get is more of the same.
That being said credit ratings agency Moody's doesn't appear too concerned, changing the credit outlook on Italy's debt to 'stable' from 'negative' saying it expects Italy's debt to GDP ratio to level off.
Update by Michael Hewson, Senior Market Analyst,
» For more see Stock Market Trading News & Analysis.
Where Can I Find Live Spread Betting Prices and Charts for the Italy 40?
The following CFDs chart gives readers a helpful look at the Italy 40 market.
The chart above is from Plus 500 and normally uses the Italy 40 futures price.
Should you want to review spread trading prices and live charts for the Italy 40, you will generally need a financial spread betting account.
Readers should note that opening any such account is subject to credit, status and suitability checks.
Should your new account be accepted then you can log in and check the live trading charts and prices. These are usually free. The catch? You are likely to receive the odd email and/or sales call from the relevant spread trading company.
If you do trade then you should be aware that contracts for difference and financial spread betting do involve a significant level of risk to your capital and it is possible to lose more than your initial investment.
Where Can I Find Free Live Italy 40 Prices?
If you want to access quick live market information then you could do worse than opening an account with a spread betting company like IG Index.
Also, you don't have to trade with them, if you just open an account (which is free to do) then their data is free. The catch? You'll get the odd email or letter from them. In the example below you can also see that their free charts are also useful.
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.
How to Spread Bet on the Italy 40?
As with a variety of markets, you are able to spread bet on indices, such as the Italy 40, to either rise or fall.
Looking at the IGIndex spread trading website, they are showing the Italy 40 March Futures market at 21945.0 - 21955.0. This means you can spread bet on the Italy 40 market:
On the settlement date for this 'March' market, 18-Mar-11.
- Settling higher than 21955.0, or
- Settling lower than 21945.0
Whilst making a spread bet on the Italy 40 index you trade in £x per point. So, if you chose to invest £1 per point and the Italy 40 moves 50.0 points then that would make a difference to your bottom line of £50. £1 per point x 50.0 points = £50.
For short term trading on indices also see Indices Rolling Daily Spread Betting.
Italy 40 Futures Spread Betting Example
Now, if you consider the spread of 21945.0 - 21955.0 and assume:
Then you could decide to buy a spread bet at 21955.0 and invest, for example, £0.50 per point.
- You have done your analysis of the stock markets, and
- Your analysis leads you to feel that the Italy 40 will finish higher than 21955.0 by 18-Mar-11
Therefore, you make a profit of £0.50 for every point that the Italy 40 index rises above 21955.0. However, such a bet also means that you will make a loss of £0.50 for every point that the Italy 40 market goes lower than 21955.0.
Looking at this from another angle, should you ‘Buy’ a spread bet then your profits (or losses) are found by taking the difference between the closing price of the market and the initial price you bought the market at. You then multiply that difference in price by your stake.
So if, on the settlement date the Italy 40 closed higher at 22152.6, then:
Profit = (Final Price - Initial Price) x stake
Profit = (22152.6 - 21955.0) x £0.50 per point stake
Profit = 197.6 x £0.50 per point stake
Profit = £98.80 profit
Speculating on indices, by spread trading or otherwise, may not go to plan. With this example, you wanted the index to increase. Naturally, the index might go down.
If the Italy 40 had fallen and settled at 21779.4, you would end up making a loss and losing on this market.
Loss = (Final Price - Initial Price) x stake
Loss = (21779.4 - 21955.0) x £0.50 per point stake
Loss = -175.6 x £0.50 per point stake
Loss = -£87.80 loss
Note: Italy 40 March Futures spread betting price taken as of 24-Feb-11.
'Italy 40 Spread Betting' edited by Jacob Wood, updated 07-Mar-14
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