UK 100 Struggles as Corporate Data Fails to Distract from Eurozone Crisis
Clean Financial - The Financial Spread Betting Website

UK 100 Struggles as Corporate Data Fails to Distract from Eurozone Crisis

UK 100 Struggles as Corporate Data Fails to Distract from Eurozone Crisis


The spread betting markets are finding it difficult to make gains and the focus remains on the overall European picture which is getting in the way of any good economic or corporate data.

The problem is that the economic and corporate data isn’t exactly excelling either so investors remain fixated with what’s happening on the continent.

US corporate earnings are now in full swing and it’s the investment banks, such as Goldman Sachs, that are making the headlines with some missing forecasts and others beating them.

The bottom line for this industry is that revenues are on a downward spiral and jobs are being cut left right and centre.

This is music to many peoples’ ears, but the loss in tax takings is significant when governments around the world are crying out for every bit of tax intake that they can get.

In the UK, the restrictions on bonuses led to large increases in salaries to compensate, which have become unsustainable. Now, rather than saying you don’t get a bonus this year, banks are saying that you no longer have a job.

This year’s round of banker bonuses are going to be way below that of previous ones, and rightly so. However, within the City there’s also widespread concern that the current job losses are only the beginning and there’s another raft of redundancies around the corner.

With job losses across the UK, and the outlook for the global economy looking dodgy, it’s going to be difficult to reverse the trend, no matter what the politicians do to try and stimulate things.

There are even many sceptics among indices spread betting investors that the renewal of QE, launched recently by the Bank of England, will do nothing other than improve the balance sheets of larger companies.

Unfortunately, if our biggest trading partner is not growing then they will not be buying any of our kit.

We are still seeing the UK 100 spread betting market struggle, drifting lower after opening at 5450 following positive sessions for the US and Asia.

Whilst corporate data remains unable to distract from the European debt crisis, it seems that rallies towards the year highs will be hard to come by. That is, until we see a sound, convincing solution.

Indices Spread Betting News

For the most recent indices spread betting news, also see:




Under no circumstances are the comments and the information provided herein to be considered an offer or solicitation to invest and nothing herein should be construed as investment advice.

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



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.


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.

'UK 100 Struggles as Corporate Data Fails to Distract from Eurozone Crisis' by DB, updated 19-Oct-11

For related pages also see:





Free Financial Email Updates
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.

Home
Capital Spreads
City Index
ETX Capital
Financial Spreads
GFT
IG Index
InterTrader
Spreadex
Spread Betting Tips
1) Daily Trading Tips
2) Financial Tips
3) Financial Tipping
4) Strategies
Spread Betting News
Daily Analysis
Daily Closing Update
Daily Market Data
Live Charts
Live Prices
Trading Videos
Stock Market Spreads
Stock Market Reports
Stock Market Analysis
Stock Market Charts
Stock Market Prices
FTSE 100 Spreads
Dow Jones Spreads
DAX 30 Spreads
Forex Spreads
Forex Reports
Forex Analysis
Forex Charts
Forex Prices
EUR/USD Spreads
GBP/USD Spreads
Commodities Spreads
Commodities Reports
Commodities Analysis
Commodities Charts
Commodities Prices
Gold Spreads
Crude Oil Spreads
Shares Spreads
Share Tips
Share Trading Reports
Share Charts
UK Shares
US Shares
Spread Betting
Bonds Spreads
Interest Rate Spreads
Spread Trading Blog
Financial Fixed Odds
CFD Trading
Trading Features
Trading Forum
Technical Trading
Free Newsletter
Why Spread Bet?
What's Spread Betting?
Glossary - part 1
Glossary - part 2