Upbeat McDonalds Earnings Boost FTSE Financial Spread Betting Market
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UK Market Comment, 20 April 2012
Closing comments from Will Hedden, Sales Trader, IG Index:
Heading into the close, the FTSE looks to finish the week in reasonably strong form, up around 25 points.
Yet again, it has been the US session that has been the salvation of equity markets this afternoon.
A quiet morning, with the FTSE looking rather weak, was turned around thanks to earnings figures from US titans McDonalds and General Electric.
The gains are broad-based, with indices, commodities and currencies generally advancing, while the US dollar is edging back as confidence holds into the end of the week.
Nonetheless, the Eurozone crisis is never far from our thoughts, which is keeping the gains in check, and with a French presidential election this weekend, there remains plenty to remain concerned about.
Next week is a busy week for data, with Chinese manufacturing figures and GDP data from the US and UK on the schedule, while a Fed meeting will be followed by a press conference from chairman Ben Bernanke.
Bulls will be hoping that Mr Bernanke either extols the strength of the recovery, or makes some more positive noises about QE3 in the US, in order to counter the unrelenting bad news that just keeps on emerging from Europe.
How and where to spread bet on:
McDonalds, where to find free charts, live pricing, how to trade etc >> McDonalds Spread Betting
General Electric, where to find free charts, live pricing, how to trade etc >> General Electric 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
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UK Market Comment, 18 April 2012
Closing comments from Will Hedden, Sales Trader, IG Index:
A quieter day will be a somewhat welcome sight for market-watchers after the return in volatility that April has brought.
As we approach the final furlong of today’s trade, the UK 100 index in London is nursing a small loss of around 0.3%.
Tesco (-1%) has been as present in the news today as its shops are around the UK, but will likely end the day lower after a strong start this morning following their results.
Having had a day to digest the numbers, and a new strategic plan to get the UK public back on board again, investors have slowly fled as the day went on.
Many bulls will note that this is really just a crisis of confidence in a business that shaped their own marketplace considerably over many years. As a result they have been keen to pick up what they believe to be a cheap stock with a healthy dividend at any available opportunity.
The nay-sayers have been out in force, stating that the business has gone off the boil in its core domestic operations, despite still holding the biggest individual market share. They would suggest that the company has become the business we love to hate for its all-conquering performance in the last decade.
Tomorrow, we have an important milestone of the week with a key Spanish bond auction, following on from a well-received but less significant short-term debt auction yesterday.
As has been shown recently, the UK market is not invulnerable from the negative karma that rears up on the continent at a moment’s notice.
Having got back to pre-Easter levels, investors will hope for a little more upside before we get to the old adage of 'sell in May...'
How and where to spread bet on:
Tesco, where to find free charts, live pricing, how to trade etc >> Tesco Spread Betting
UK 100, where to find free charts, live pricing, how to trade etc >> UK 100 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.
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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.
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'Upbeat McDonalds Earnings Boost FTSE Financial Spread Betting Market' edited by AG, updated 20-Apr-12
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