Spread Betting on UK Markets May

Spread Betting on UK Markets May

UK Market Comment, 6 May

Closing comments from Tim Hughes, Head of Sales Trading, IG Index:

Going into the last few minutes of trading, it has been a choppy day that has seen the FTSE 100 flipping around the 6200 mark.

It has been something of a quiet start after the Bank Holiday with not much in the way of economic news driving the market. A trading update from Lloyds TSB said that performance so far in 2008 was as expected – but it was making a bigger than forecast write down of £387 million. The biggest gainer on the day so far has been Tullow Oil with news of a ‘significant’ find. With crude oil prices setting a new record high that sent Tullow stock up a good 20%.

Today has once again seen the UK market resilient in the face of a bit of pressure emerging for US stocks. This has been a frequent pattern of late and makes trying to pinpoint the end of the FTSE bounce back something of a mug’s game at the moment. For now, dips continue to be viewed as buying opportunities and many traders are eyeing the 6250 mark as the next key objective.

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, 2 May

Closing comments from David Jones, Chief Market Strategist, IG Index:

Going into the last few minutes of trading, the FTSE is holding onto triple digit gains for the day.

It has been something of a bonanza day for shares with the FTSE strong for much of the day, initially playing catch up again with gains seen in the USA overnight. Friday’s big event was the US Non Farm Payrolls - arguably always the most important announcement of any month. While these once again showed a shrinking in the job market it was not as much as expected and the FTSE 100 put on 50 points very quickly.

The number was of course still negative but global stock markets in recent weeks have appeared to have become resilient to this sort of news. That begs the question, were the falls at the beginning of the year overdone? With the FTSE trading at levels not seen since early January, before the credit crunch really started battering financial markets, many are starting to feel that stocks at least seem to be signaling the worst may be over. The jury is still out. However the FTSE’s 14% bounce back in a little over six weeks has left the markets in a positive mood at the end of the trading week.

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.

'Spread Betting on UK Markets May' edited by TH, updated 06-May-08

Related Articles:

UK Market Trading, updated 20-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 17-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! All Free - Click here!

Risk Warning: Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading 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.

The contents on CleanFinancial.com are for information purposes only and are not intended as a recommendation to trade. Nothing on this website should be construed as investment advice.

Neither CleanFinancial.com nor any contributing company/author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.

* Tax law is subject to change or may differ if you pay tax in a jurisdiction other than the UK.

1) Daily Trading Tips

2) Financial Tips

3) Financial Tipping