Strong IBM Results Boost US Tech Stocks Spread Betting Markets
|
|
 |
UK Market Comment, 19 July 2012
Closing comments from Rupert Osborne, Futures Dealer, IG Index:
Although the gains this afternoon aren't exactly impressive, they are a significant improvement on the morning, with the FTSE up 20 points heading into the close.
US earnings season continues to provide reason for hope, with tech stocks doing especially well after IBM's earnings last night, and with Google and Microsoft to follow after the close tonight there remains scope for further good news.
Markets have shrugged off the worrying Spanish bond auction from this morning, but investors should not become too blasé about elevated yields for Italy and Spain.
These countries could easily spoil the party, and the continuing drop in yields for nations such as France and Germany shows that nervousness hasn't gone away entirely.
However, for now the Eurozone seems content to remain quiet, providing a welcome degree of relief for embattled markets.
Weaker US data has meant that the Dow is struggling to make headway this afternoon, since while the news was poorer, it wasn't so bad as to add weight to the view that QE3 would arrive soon to make everything better.
Ben Bernanke may have given away little in his testimony yesterday. However, the hope of more easing is probably enough, combined with reasonable earnings, to keep this current upward move going for a while yet, so long as nothing disastrous emerges from Europe.
How and where to spread bet on:
FTSE, where to find free charts, live pricing, how to trade etc >> FTSE Spread Betting
Google, where to find free charts, live pricing, how to trade etc >> Google 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, 18 July 2012
Closing comments from Will Hedden, Sales Trader, IG Index:
As home-time approaches, the FTSE 100 has eked out an afternoon gain of 40 points and stands around 5670.
It is hard to get over excited about a rally such as today's. Corporate news is thin on the ground and summer feels like it has well and truly set in, at least in market terms.
Many will be happy to bank today's gains, with this 5600-5700 range proving happy hunting ground for technical traders willing to bounce around.
A quiet week for Europe is likely to keep us range bound, although the IMF have done their best to spice things up with nervous comments on Italy among a number of other things.
Across the pond and again traders will pay, arguably too much, attention to Ben Bernanke and his second day of talking on Capitol Hill.
Markets there may be due for another rollercoaster session as the tech sector remains in focus.
Intel have turned positive, having reported last night, and we are awaiting results from IBM this evening.
With calmer waters in Europe this week it seems that looking westward is the only option for market watchers seeking direction.
How and where to spread bet on:
IBM, where to find free charts, live pricing, how to trade etc >> IBM Spread Betting
Intel, where to find free charts, live pricing, how to trade etc >> Intel 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.
'Strong IBM Results Boost US Tech Stocks Spread Betting Markets' edited by AG, updated 19-Jul-12
Related Articles:
UK Market Trading, updated 24-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 23-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!
|
|
