Spread Betting UK 6-9 November 2009
|
|
 |
UK Market Comment, 9 November 2009
Closing comments from Anthony Grech, Market Strategist, IG Index:
Heading into the close it looks set to be another strong finish for shares in London.
It has been one-way traffic for most of the day for UK shares.
The mining sector is once again providing many of the big blue-chip gainers, with strong commodities driving prices higher as gold moves to all-time highs.
Weekend news from the G20, where finance leaders pledged to continue various programmes of economic stimulus, have given investors fresh hope that the stock market could still have some legs left in it.
In the US, the Dow Jones has already moved to fresh highs for the year, with traders starting to look at 10,500 as the next target.
For the FTSE 100 the 5300 mark remains the next major obstacle – the highs set in mid-October – and strength through here should shake off the last of any worries that are lingering, following the brief trip down below 5000 seen a week ago.
How and where to spread bet on:
FTSE, where to find free charts, live pricing, how to trade etc >> FTSE 100 Spread Betting
UK Shares, where to find free charts, live pricing, how to trade etc >> Spread Betting on UK Shares
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, 6 November 2009
Closing comments from David Jones, Chief Market Strategist, IG Index:
Heading into the close, it looks like the FTSE 100 is going to scrape in a positive finish on the day.
It really has been a game of two halves today with initial focus in the morning on results from RBS and British Airways.
Both posted losses – and then went on to top the blue chip leader board for the rest of the day, with gains above 5%.
With British Airways, there was some hope amongst traders that they had turned the corner, with declines in passenger travel showing signs of stabilising.
However, it might be difficult to see a lot more upside for the shares in the short-term unless the threat of industrial action is satisfactorily resolved.
The RBS rise may end up being just a dead cat bounce in the recent decline - banks seems to have fallen out of favour in recent weeks and investors still seem more inclined to give those with state ownership something of a wide berth for now.
Most of the day’s action came in the afternoon, with the latest unemployment data announced in the US.
Their economy lost 190,000 jobs in October – more than the market was expecting and this sent shares into a steep dive with the FTSE losing around 70 points in the half hour following the news.
However – as can often be the case on these sudden moves – much of the ground was made back during the course of the afternoon.
It has been an eventful week for shares, with the beginning seeing the 5000 level tested - and it successfully stemmed any declines once again.
The strength of the bounce back over recent days has been impressive.
It does seem to suggest that, even though we probably won’t see the sort of stellar gains that shares made in the summer, traders still don’t seem quite ready to head for the exits and bail out en masse just yet.
How and where to spread bet on:
FTSE, where to find free charts, live pricing, how to trade etc >> FTSE 100 Spread Betting
British Airways, where to find free charts, live pricing, how to trade etc >> BA Spread Bets
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 UK 6-9 November 2009' edited by AG, updated 09-Nov-09
Related Articles:
Online Spread Betting Markets Struggle on Cyprus Bailout Speculation, updated 15-Mar-13
Spread Betting Comment - Stocks are offside this afternoon as traders lock in profits from recent gains. Online spread betting investors were not enticed to go long today with fears of a Cypriot bailout circulating; the island's financial woes have been...read article: Online Spread Betting Markets Struggle on Cyprus Bailout Speculation.
Stock Market Spread Betting: On-Going Eurozone Issues Halt Rally, updated 13-Mar-13
Spread Betting Comment - Has the over-exuberance of the stock markets over the last couple of days finally had a reality check, or are we merely pausing before our next leg higher? With on-going issues in Italy and Cyprus causing the Eurozone once again to...read article: Stock Market Spread Betting: On-Going Eurozone Issues Halt Rally.
Equity Spread Betting: FTSE Hits 5 Year High on Strong Non-Farms Data, updated 11-Mar-13
Spread Betting Comment - Equities are storming ahead after better-than-expected Non-Farm Payroll numbers helped drive the FTSE to a fresh five-year high. The US unemployment rate also dropped, to 7.7%, the lowest level since...read article: Equity Spread Betting: FTSE Hits 5 Year High on Strong Non-Farms Data.
FTSE 100 Spread Trading Market Rises Depite BoE Looking Unlikely to Add QE, updated 07-Mar-13
Spread Betting Comment - The FTSE 100 spread trading market is 20 points higher, showing a greater degree of enthusiasm for the current rally. With only a few months of his tenure left, it seems unlikely that Mervyn King will prompt any...read article: FTSE 100 Spread Trading Market Rises Depite BoE Looking Unlikely to Add QE.
FTSE 100 Shares Spread Betting: Serco Gains on Dividend Hike and Revenue, updated 05-Mar-13
Spread Betting Comment - In FTSE 100 shares spread betting, the king of the index was outsourcing firm Serco, adding over 9% as it hiked its dividend by 20% following a pick-up in revenue in the second half of 2012. Languishing at the bottom...read article: FTSE 100 Shares Spread Betting: Serco Gains on Dividend Hike and Revenue.
Rising Eurozone Unemployment Hurts European Index Spread Betting Markets, updated 01-Mar-13
Spread Betting Comment - European indices are offside after the Eurozone revealed yet another increase in the unemployment level, to 11.9%, the highest rate since the currency's creation. If this wasn't bad enough, we can now add an Italian hung parliament into...read article: Rising Eurozone Unemployment Hurts European Index Spread Betting Markets.
Equities Spread Trading: Petrofac Slumps on Concerns Over Full-Year Performance, updated 27-Feb-13
Spread Betting Comment - On the equity spread trading front, Petrofac has dropped the ball, with a less-than-impressive market outlook that has left many analysts scratching their heads and wondering about the company's targets for the...read article: Equities Spread Trading: Petrofac Slumps on Concerns Over Full-Year Performance.
UK Shares Spread Betting: RBS Rises on Speculation of American Stake Sale, updated 25-Feb-13
Spread Betting Comment - In UK shares spread trading, RBS topped the FTSE ahead of its full-year results on Thursday, adding 3.8% on speculation regarding the potential sale of up to 25% of its American arm; discussions are expected to take...read article: UK Shares Spread Betting: RBS Rises on Speculation of American Stake Sale.
GBP/USD Spread Betting Market Tumbles Despite Denial of Currency War, updated 21-Feb-13
Spread Betting Comment - Even though we have been told there is categorically no 'currency war' going on, currencies continue the race towards zero and GBP/USD is now at levels last seen in 2010. In the final days before...read article: GBP/USD Spread Betting Market Tumbles Despite Denial of Currency War.
FTSE 100 Spread Betting Market Surges on Excellent German ZEW Figures, updated 19-Feb-13
Spread Betting Comment - The FTSE 100 is enjoying a good day, up around 40 points, boosted by strong German sentiment data. Excellent figures from the German ZEW confidence index, which hit its highest level in almost three years, emboldened...read article: FTSE 100 Spread Betting Market Surges on Excellent German ZEW 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!
|
|
