UK Shares: ARM Holdings Sees Positve Results from Apple Business
|
|
 |
UK Market Comment, 23 August 2011
Closing comments from Will Hedden, Sales Trader, IG Index:
US markets take the shine off a strong start in Europe for the second day in a row.
Trading in London is subdued after this morning's raft of bargain hunting fizzled out over lunch, but the FTSE 100 looks like it will limp over the line with a small positive finish.
Silver miner Fresnillo (-8.9%) has suffered from profit-taking today after enjoying the benefits of the recent precious metals rally.
At the top end it is interesting to note the performance of ARM Holdings, up 5%. After an incredible rise in 2010 thanks to their technology being prevalent throughout Apple's market-leading product line, the recent bid for Autonomy by HP has put them in the sights of the M&A rumour mill as a fellow strong UK software house.
ARM's chief has said suitors have nothing to gain by coming in for them, but the market is taking no notice of his comments and has lapped up ARM stock today.
US markets are trading higher despite the weak Richmond Fed Factory index reading of -10. Conspiracy theorists have plenty to work with today to keep them occupied till the Fed's Jackson Hole meeting and Ben Bernanke's speech on Friday.
We've had the resignation of the chief of S&P straight on the heels of their US downgrade, and news that Goldman Sachs executives have hired criminal lawyers to help defend their actions in the financial crisis.
Add this to the collapsing case against former IMF chief Dominique Strauss-Kahn and you can see how these are helping newswires whip up anticipation for Friday. "Cue the anticlimax" I hear you say, but most are still deciding "QE or not QE?"
How and where to spread bet on:
ARM Holdings, where to find free charts, live pricing, how to trade etc >> ARM Holdings Spread Betting
Autonomy, where to find free charts, live pricing, how to trade etc >> Autonomy Corporation 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, 22 August 2011
Closing comments from Ben Critchley, Sales Trader, IG Index:
Traders on both sides of the Atlantic are finding a degree of cheer, as the new week gets underway.
Pre-market was looking like a rather different picture, as Friday’s negative leads appeared to be setting the pace, but the reality has been somewhat different.
There has been a spate of equity buying seen amidst rampant speculation that the next round of quantitative easing – QE3 – is about to be declared by the Fed, with this argument finding added weight, given the fact that gold prices continue to forge their way higher regardless.
Quite how long the relief rally will last for remains to be seen – indeed we’re already sitting below session highs – and of course the other risk is that any stimulus from the Fed will again prove to be little more than a quick shot in the arm, leaving the ailing patient craving another in the not too distant future.
Oil has been another area of interest today, with the prospect of Libyan output coming back on stream – combined with the global economic woes – pushing Brent Crude lower once again.
Looking further ahead, the UK and US GDP readings on Friday will both be closely followed, as those with a more optimistic outlook search for any signals that we’re not plunging headlong into another bout of recession.
In summary, however, the market does seem to have already priced in seeing some action from Washington so failure to deliver here will surely serve up more misery.
How and where to spread bet on:
Gold, where to find free charts, live pricing, how to trade etc >> Gold Spread Betting
Crude Oil, where to find free charts, live pricing, how to trade etc >> Crude Oil 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.
'UK Shares: ARM Holdings Sees Positve Results from Apple Business' edited by AG, updated 23-Aug-11
Related Articles:
UK Market Trading, updated 17-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 16-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!
|
|
