Trading Update
09-Oct-13, 9:24am: The Dow Jones (US 30) is seeing a little support but there was a very bearish candle yesterday.

The Nikkei 225 chart is showing some good resistance.

It’s also interesting to note the client sentiment, CMC’s top traders are almost 50:50 long:short of the Dow where as they are 82% long of the FTSE 100.

(and note that the CMC clients have taken a large sell position on crude oil)



Update by Craig Inglis, Head of Product Development,
09-Oct-13, 11:50am: The new video on the CleanFinancial blog considers how the threat of a US government default is affecting bond yields.

US Bond Yields Fall Despite Rising Prospect of a Default

Update by Gordon Childs, Editor,
10-Oct-13, 8:10am: Marks & Spencer rallied 5p to 468.75p yesterday after Nomura finally issued some positive research on the retail firm (full story in The Times).

Update by Jenna Cutly, Editor,
10-Oct-13, 8:10am: Centamin to beat gold production guidance despite Egyptian violence. Weeks of bloody protest and continuing political tensions following July’s military coup in Egypt failed to dent progress in raising production at Centamin, the London-listed gold miner (full story on FT.com).

Update by Jenna Cutly, Editor,
10-Oct-13, 8:10am: N Brown to expand on the high street. Angela Spindler, the new Chief Executive of N Brown, is to step up the online and catalogue retailer’s store openings across the UK in a potential boost for the battered British high street (full story on FT.com).

Update by Jenna Cutly, Editor,
10-Oct-13, 8:10am: Bumi Resources agrees deal to revamp $1.3bn loan from CIC. Bumi Resources, the heavily indebted coal miner linked to Indonesia’s influential Bakrie family, has agreed to swap some debt for equity as part of the restructuring of a $1.3bn loan from China Investment Corporation, the sovereign wealth fund (full story on FT.com).

Update by Jenna Cutly, Editor,
10-Oct-13, 8:10am: Shell consortium to sell four oil blocks in Nigeria. A Royal Dutch Shell-led consortium has put up for sale oil blocks in Nigeria, as international companies accelerate a retreat from sub-Saharan Africa’s oldest oil industry amid surging theft of crude and political uncertainty (full story on FT.com).

Update by Jenna Cutly, Editor,
10-Oct-13, 8:10am: Vedanta Resources lost 3.7% to £10.20 on a “Sell” note from its house broker, which eclipsed a largely uneventful production update from the miner (full story on FT.com).

Update by Jenna Cutly, Editor,
10-Oct-13, 8:10am: BSkyB fell 1.2% to 859.5p with Investec Securities advising a “Sell” ahead of first-quarter results next week (full story on FT.com).

Update by Jenna Cutly, Editor,
10-Oct-13, 8:10am: Ladbrokes leaps after buyer takes £37m stake. A mystery buyer, thought to be Playtech founder Teddy Sagi, has acquired a near 3% stake in Ladbrokes (full story on Telegraph.co.uk).

Update by Jenna Cutly, Editor,
10-Oct-13, 10:31am: With rumours of a possible solution to the US deadlock the Dow and Nikkei 225 have surged, crude oil has slumped and USD/JPY is seeing bullish signals.



Update by Craig Inglis, Head of Product Development,
10-Oct-13, 12:09pm:

Royal Mail Shares 7x Oversubscribed?



We have some interesting new articles in our Royal Mail trading guide

Update by Gordon Childs, Editor,