US Shares Spread Betting: Strong Demand Pushes Apple Stocks Above $500
|
|
 |
UK Market Comment, 13 February 2012
Closing comments from Chris Beauchamp, Market Analyst, IG Index:
Heading into the close, the FTSE continues to cling on to most of its gains for the day, up around 40 points.
And so the battle with the 5900 level continues into a new week. In each of the past five trading sessions, the FTSE has poked its head above 5900, only to survey the landscape ahead of it and then drop back again.
This is exactly the same pattern seen today; a brief surge around lunchtime buoyed hopes that we might finally see a determined push higher, but then investors’ nerves failed and London’s premier index retreated.
The market reaction in the US has been more muted than that seen in Europe, with Wall Street struggling to add more than 40 points so far today.
With little economic data to drive activity, the high point of the afternoon was perhaps the news that Apple shares had finally broken the $500 level, showing that demand for both Apple products and the company’s shares remains as strong as ever.
The slow start to the week gives way tomorrow to US retail sales, with bulls hoping that the US consumer will be picking up some of the slack created by the interminable Eurozone crisis.
The message to take from today’s session is that, while risk assets remain near multi-month highs, there seems to be little real appetite to push them much higher for now.
How and where to spread bet on:
Apple, where to find free charts, live pricing, how to trade etc >> Apple Spread Betting
Wall Street, where to find free charts, live pricing, how to trade etc >> Wall Street 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, 10 February 2012
Closing comments from Chris Beauchamp, Market Analyst, IG Index:
It looks to be a disappointing end to the week for the FTSE, with the leading index down around 40 points as Greece worries and poorer US data make investors risk averse.
Caution about the future for Greece dominated the morning session, as investors digested the news that Athens will need to come up with more stringent cuts before it can receive more bailout funds.
Trading all week had been dominated by the lack of a Greek deal, and so news that even Thursday’s late agreement is insufficient was enough to put indices spread betting markets under pressure.
Losses were contained however, as investors remembered that, despite all the travails of the Eurozone, the mighty US economy was still powering ahead.
Unfortunately for them, this vital prop to confidence was about to be knocked away.
The first reading from the February iteration of the Michigan consumer confidence index failed to live up to expectations, dropping to 72.5 from 75.
Last week's excellent jobs report from the US perhaps lifted hopes that confidence would pick up as well, as more Americans re-entered employment.
Although the decline is not disastrous, it was the final element needed to cause markets to switch from rampant optimism to worried realism.
Still, markets never go in a straight line in either direction, and today's drop might simply be the inevitable pull-back following last week's surge in stock markets.
Heading into the weekend, we have another Greek deadline to contend with, this time on Sunday, which will be sufficient to keep investors on edge for the time being.
How and where to spread bet on:
FTSE, where to find free charts, live pricing, how to trade etc >> FTSE Spread Betting
Indices, where to find free charts, live pricing, how to trade etc >> Indices 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.
'US Shares Spread Betting: Strong Demand Pushes Apple Stocks Above $500' edited by AG, updated 13-Feb-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!
|
|
