UK Market Spread Trading - Closing Comment
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UK Market Spread Trading

UK Market Spread Trading - Spread Betting

UK Market Comment, 18 May 2012

Closing comments from Will Hedden, Sales Trader, IG Index:

As the week draws to a close the FTSE spread betting index is down 50 points, after a week of unrelenting losses for London's market.

Bulls will doubtless be glad to put this week behind them, having had to endure a wave of selling that has its origins in Europe.

A modest attempt to recover during the afternoon was sparked by news that the Spanish government was hiring advisers to assist with bank rescue plans, and this helped Spanish and Italian markets to push into positive territory.

However, the effect of this soon faded and the selling began anew as US markets opened.

The story remains identical to that seen throughout the week, namely a Greek exit from the euro and the possible repercussions.

So long as this continues to weigh on markets, it seems unlikely that we can find any reasons to get enthusiastic about a rebound.

A G8 meeting is scheduled for the weekend, but it is highly unlikely that anything of real importance will emerge, so Monday morning will probably find us in very much the same position in which we are now.

At the time of writing, Facebook shares are yet to emerge into the cold light of day, so there is still all to play for.

However, we continued to see interest in the grey market by buyers, with the market cap hitting a high of $148 billion.

Gremlins in the system meant that the shares had not started trading by the final 15 minutes of the London session.


How and where to spread bet on:

FTSE Futures, where to find free charts, live pricing, how to trade etc >> FTSE Futures
Facebook, where to find free charts, live pricing, how to trade etc >> Spread Betting on Nasdaq 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..." >> read IG Index review.



UK Market Comment, 17 May 2012

Closing comments from Ben Critchley, Sales Trader, IG Index:

Heading into the close it looks like another weak finish is in store for the FTSE, with the leading index down 50 points.

Wednesday now seems a distant memory, as the FTSE 100 goes back to lows last seen in December 2011.

The weather in London might be similar, but this time around a Greek exit from the euro appears almost a certainty.

Markets could only muster a feeble attempt this morning to gain ground and have quickly given up the ghost, with the US dollar once again a major beneficiary of this flight to safety.

US markets nudged higher after opening, but an eight-month low for the Philly Fed index rapidly soured the mood and US markets are declining for a fifth consecutive session.

In the wake of this reading there was a sharp turnaround in gold, which briefly entered bear market territory yesterday as it hit $1530 an ounce.

The weaker Philly Fed reading prompted a renewal of the ‘QE trade’, i.e. buying gold in anticipation of money printing by the Federal Reserve, and gold surged back to $1570/ounce.

The ascent of Facebook’s market cap on our grey market continues unabated, with the social networking company now valued in the region of $129/$131 billion.

Can Facebook, which has had such an effect on society around the world, provide the catalyst for markets to shake off their Eurozone-related despondency?

It's a tall order, but Zuckerberg’s gang of bright young things might just be up to the task.


How and where to spread bet on:

Gold, where to find free charts, live pricing, how to trade etc >> Gold Spread Betting
Euro - Dollar, where to find free charts, live pricing, how to trade etc >> Euro - Dollar 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..." >> 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.

'UK Market Spread Trading' edited by DJ, updated 18-May-12




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Shares Spread Betting: Anticipation Builds Ahead of Facebook IPO, updated 16-May-12
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DAX Index Spreads Fall as Investors Fear Greece Will Exit the Euro, updated 14-May-12
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UK Shares Spread Betting Markets Rise on Greek Government Hopes, updated 10-May-12
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FTSE 100 Futures See Heavy Losses Ahead of Key European Elections, updated 04-May-12
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Indices Spread Betting: DAX 30 Tumbles as US ADP Data Drops, updated 02-May-12
Spread Betting Comment - The DAX 30 saw a dramatic afternoon, as the precursor to Friday's Non Farm Payrolls provided a nasty surprise. The indices spread betting markets had been hoped that today's ADP figure, the private sector...read article: Indices Spread Betting: DAX 30 Tumbles as US ADP Data Drops.


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Daily Closing Market Comments Index

Index of UK financial market trading articles - the regular closing market comments from IG Index...see Index.





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Risk Warning: Please note that spread betting and CFD trading carry a high level of risk to your capital. You can lose more than your initial deposit. These products 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.

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

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