Sharp Rise in Profits and Positive Outlook Boosts Hargreaves Lansdown
|
|
 |
UK Market Comment, 1 September 2011
Closing comments from Will Hedden, Sales Trader, IG Index:
After a mixed day’s trade and a late attempt at a rally, the FTSE 100 seems set to close little changed.
The session was unremarkable for many, with thoughts largely centred around the release of the Non Farm Payrolls tomorrow.
Better-than-expected manufacturing data out of the US helped to temporarily reverse earlier losses in London but the bulk of any gains have been short lived.
Such news doesn’t bode well for proponents of QE3, and the lifeboat full of cheap money that accompanies it. However, it is once again a reminder that things perhaps aren’t quite as bad as the doomsayers may on occasion make out.
Banks have been in focus today after a softer line from the UK government pushed back the timeline for restructuring.
The financial sector in general was also helped by Hargreaves Lansdown adding a significant 14% on the back of a sharp rise in profits and upbeat outlook.
Quite how markets will react to the payroll data remains to be seen. Against a backdrop of possible Fed intervention, it does seem like this could be a win-win situation for many investors.
With markets already well into a grinding recovery from the harsh selling of last month, there is scope for more profits to be booked quickly ahead of what will be a long weekend for Wall Street.
How and where to spread bet on:
FTSE 100, where to find free charts, live pricing, how to trade etc >> FTSE 100 Spread Betting
Hargreaves Lansdown, where to find free charts, live pricing, how to trade etc >> Hargreaves Lansdown 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, 31 August 2011
Closing comments from Will Hedden, Sales Trader, IG Index:
Encouraging economic data from the US gave the bulls some momentum, helping the FTSE 100 to a positive finish.
Traders, investors and pretty much anyone involved with the markets will be happy to see the back of August 2011. September is a traditionally bad month for equities, but we are seeing one final attempt at rescuing August’s performance figures before we get there.
European markets that have suffered most this month, like Germany, are leading the way as Europe’s main indices record gains of 2%-3%. However, US data and the prospect of QE3 continue to dominate today.
Since the crash in the first half of August, bad data has been seen as a reason for QE3 to happen, and good data has been seen as evidence of a stabilising economic recovery, either way equities are in favour.
The FTSE 100 started the month at 5815 and is looking to end it a little shy of 5400. Many investors have taken the opportunity to pick up some bargains for a rainy day, with many well-performing companies suffering in sympathy with the wider market.
Nonetheless, the effect of this month’s volatility should not be downplayed as it will have left a serious mark on how many game plans are re-written for the coming months.
We have not seen such widespread and sustained panic since March 2009, evidenced by the fact that safe-haven gold is still up around $180 this month.
Summer is drawing to a close and it’s been pretty bleak either side of office windows in London. The bulls are bouncing this week but the bears are keen to express that the downside risks remain. Is there a winter of discontent ahead?
How and where to spread bet on:
Gold, where to find free charts, live pricing, how to trade etc >> Gold 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.
|
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.
'Sharp Rise in Profits and Positive Outlook Boosts Hargreaves Lansdown' edited by AG, updated 01-Sep-11
Related Articles:
Shares Spread Betting Investors See American Firms Boost Markets, updated 17-Apr-12
Spread Betting Comment - Big-name American firms like Goldman Sachs, Coca-Cola and Johnson & Johnson have all helped shares spread betting investors focus on the positive. Even Apple has returned to form, gaining 3% after suffering five days of...read article: Shares Spread Betting Investors See American Firms Boost Markets.
FTSE Futures Rise as Spanish and Italian Bond Yields Fall, updated 11-Apr-12
Spread Betting Comment - The FTSE futures are ending Wednesday in far better shape than they did on Tuesday, up around 40 points. Spanish and Italian bond yields are lower, although not by too much, and...read article: FTSE Futures Rise as Spanish and Italian Bond Yields Fall.
Financial Spread Betting: FTSE 100 Shares Struggle Ahead of Fed Minutes, updated 03-Apr-12
Spread Betting Comment - Heading into the close, the FTSE 100 is down 10 points as markets await the latest set of Fed minutes. FTSE 100 shares have failed to make much headway this afternoon, and indeed have edged back slightly, as retrenchment becomes...read article: Financial Spread Betting: FTSE 100 Shares Struggle Ahead of Fed Minutes.
Currency Spreads: Australian Dollar - US Dollar Falls on US Data Concerns, updated 29-Mar-12
Spread Betting Comment - Commodities are coming under pressure once again, and currencies like the euro and Australian dollar are feeling the heat. Nagging worries have arisen as traders begin to doubt that the US can sustain its run of...read article: Currency Spreads: Australian Dollar - US Dollar Falls on US Data Concerns.
Wall Street Index Spread Betting Market Rises on QE3 Hopes, updated 27-Mar-12
Spread Betting Comment - In the US, the Richmond Fed manufacturing index fell well short of expectations. However, the effect on Wall Street was muted as we are back in the 'bad news is good news' world now that traders are hoping for more QE in...read article: Wall Street Index Spread Betting Market Rises on QE3 Hopes.
FTSE 100 Spreads Fall Despite BT Group Pension Deficit Plan, updated 23-Mar-12
Spread Betting Comment - BT Group is the standout, climbing 6% after announcing plans to halve its pension deficit by the end of the year. The question mark now is whether markets have further to fall, having still...read article: FTSE 100 Spreads Fall Despite BT Group Pension Deficit Plan.
UK Mining Stocks See Gains on Rising Gold Spread Trading Market, updated 21-Mar-12
Spread Betting Comment - Some strength in the silver and gold spread trading markets is helping to lift miners of these metals, with Randgold and Fresnillo both up around 3.6%. US housing data provided little in the way of...read article: UK Mining Stocks See Gains on Rising Gold Spread Trading Market.
Technology Financial Spread Betting Markets Rise as Apple Introduces Dividend, updated 19-Mar-12
Spread Betting Comment - Apple's announcement that it will start paying a dividend caused a flurry of excitement. While all global stock markets remain within their uptrends, it does appear that the technology sector is attracting the...read article: Technology Financial Spread Betting Markets Rise as Apple Introduces Dividend.
Crude Oil Spread Betting Market Falls as US Discusses Use of Reserves, updated 15-Mar-12
Spread Betting Comment - Perhaps the most exciting part of the afternoon was the $3 drop in the crude oil spread betting market, after the US asked Britain for permission to release some of the oil stocks in the Strategic Petroleum Reserve. This came as...read article: Crude Oil Spread Betting Market Falls as US Discusses Use of Reserves.
UK Spread Betting: Strong Prudential Earnings Boost Insurance Sector, updated 13-Mar-12
Spread Betting Comment - In London, strong earnings from the insurance sector helped lift Prudential and Standard Life. Also in UK spread betting, miners are up on the back of good results from Antofagasta, although the Chilean copper miner...read article: UK Spread Betting: Strong Prudential Earnings Boost Insurance Sector.
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!
|
|
