Financial Spread Betting & CFD Trading: FTSE rallied 1% on strength in commodity shares
“Strong buyer demand for shares of commodity companies such as energy and mining firms, aligned with hopes for an outperforming earnings season helped to power the FTSE higher by over 1%, with the UK Index settling around the 6050 level.
Indices across Europe saw similar gains with the DAX, CAC and IBEX all posting strong gains of between 0.7% and 2.7%.
Today’s gains are as much about investors bargain hunting stocks in the UK that had suffered three days of falls as investors becoming more optimistic about company earnings. We have had Burberry report excellent earnings along with positive report from Rio Tinto whilst business sentiment in Germany leaped far beyond market expectations. In short, it’s been a good news day and investors have lapped it up by buying into risky asset classes such as mining and energy firms. It will be very interesting to see whether Apple and IBM, who report later tonight also cheer the market. We still have the key banks in Europe to report yet and so there is likely to be more volatility to come from this earnings season.
The miners and energy firms have been the energy, excuse the pun, behind much of the gains today with both sectors rallying around 1.5% on the day. As these two sectors are key heavyweights on the FTSE 100, this is where we can locate much of the drive behind today’s rally in Indices.
Burberry delighted the market by reporting 27% rise in third quarter revenue, above market consensus, triggering an upgrade in stance from Numis Securities. The broker advised its clients that Burberry’s high quality growth more than supports its upgraded rating of ‘add’ from ‘hold’ and expects the retailer to deliver 20% EPS growth over the next few years.
Rio Tinto, the heavyweight miner, also pleased investors today by reporting iron ore production at record levels for the fourth quarter. This will undoubtedly please shareholders that the firm is doing all it can to cash in on high commodity prices whilst demand remains strong from emerging economies such as China. We have also seen market speculators buy into shares of Rio rival BHP Billiton today on expectations that they will report similarly good production volumes on Thursday.
Whilst investors continue to maintain an eye on proceedings amongst EU’s finance ministers, it appears investors are beginning to digest the potential for there being no top up to the ESFS with greater ease today.”
Plan ahead with live charting on your phone. City Index’s mobile trading app is now available on iPhone, Blackberry, Android and Java. Find out more at http://www.cityindex.co.uk/trading-platform/.
About City Index:
Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index trading platform.
As a group, we transact in excess of 1.5 million trades every month for individuals in over 50 countries worldwide. We provide access to a wide range of instruments including margined foreign exchange,
CFD trading (http://www.cityindex.co.uk/cfd-trading/) and, in the UK, spread betting (http://www.cityindex.co.uk/spread-betting/).
We constantly look to widen the range of assets we offer, improve the performance of our platforms and expand the range of services we provide. The result is that our customers spread bet using innovative trading tools with transparent pricing, competitive spreads, and a high standard of customer service and support.
Contracts for differences (“CFD”) trading and financial spread betting carry a high level of risk to your capital with the possibility of losing more than your initial investment and may not be suitable for all investors. Ensure you fully understand the risks involved and seek independent advice if necessary. For more information, visit http://www.cityindex.co.uk/.
City Index, Park House, 16 Finsbury Circus, London EC2M 7EB
Alex Nekrassov / Jonny Smith
New Century Media
020 7930 8033
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Financial Spread Betting & CFD Trading: FTSE rallied 1% on strength in commodity shares here
News-ID: 159000 • Views: 1608
More Releases from City Index
CFD and Spread Betting Analysis: Markets in state of confusion – Bullish or Be …
Spread betting and CFD trading expert Sandy Jadeja of City Index constantly analyses the financial markets to determine the probability of where markets will turn next. See his “Week Ahead” report for 7th March here. “The recent market activity has caused confusion for many traders. We have experienced a choppy move both to the upside and downside causing confusion for Bulls and Bears alike. So which way are the markets heading
CFD Trading and Spread Betting Update: Equity markets erase early losses ahead o …
Which financial headlines are shaping trading on 11th February? Sean Power of spread betting and CFD trading provider City Index (http://www.cityindex.co.uk/) discusses news activity including a nervy opening to the day in the equity markets. “Equity markets started the day in nervous fashion as mixed messages yesterday afternoon of Mubarak stepping down were not entirely accurate. Mubarak confirmed, during a televised speech, that he will remain in office until the September
Financial Spread Betting: European markets start with small gains – data eyed
City Index (http://www.cityindex.co.uk/) Market Strategist Joshua Raymond analyses the financial developments shaping spread betting on 24th January, including a lower than expected Q4 profit for Phillips “European markets started the new week with small gains as stronger miners balanced out a weaker opening for UK banks. Investors are likely to focus more on economic data than company earnings this week. The amount of firms yet to report across the pond that
Financial Spread Betting: European markets gain ground on bargain hunting
Joshua Raymond, Market Strategist at City Index(http://www.cityindex.co.uk/) gives his views on the day's events in trading. “European markets posted gains after European Indices fell between 2%-3% in the last two trading days. However, volumes are low as it is a Friday and so therefore there is very little that we can read into today’s move higher. One sector that bore the brunt of the recent selling is the miners on fears of
More Releases for Spread
Personal agenda: "Spread Love" says Mukesh Officials
ALL ABOUT MUKESH OFFICIALS Date of birth: February 16 Sun sign: Leo Place of birth: Samdari School/college: MBR College, Balotra First break: Kyun Pardesha and Umeed Hai High point of your life: Verified on Facebook Describe yourself in a hashtag. #Darshankabhai and #Mukku Name your favourite Hindi word to use in a song. Zindagi Favorite songs by taste Tu Hi Mera by Mithoon Teri Kami - Aagman O Sonam - Lucky Ali List four things nobody knows about you. When I sing or write something, I scream. I haven't
Cookie Butter Spread Market – Future Demand Strategies 2025
Cookie Butter also called as speculoos butter is a food paste which is made primarily from speculoos cookies crumbs. Speculoos is a type of crunchy, shortbread spice biscuits, traditionally baked for consumption during St Nicholas' day in the Netherlands and Belgium and during Christmas in Germany. These biscuits are mixed along with other ingredients including vegetable oil, flour, and sugar along with added flavor in order to produce a spread
Cookie Butter Spread Market - Explores New Growth Opportunities By 2025
Introduction: Cookie Butter also called as speculoos butter is a food paste which is made primarily from speculoos cookies crumbs. Speculoos is a type of crunchy, shortbread spice biscuits, traditionally baked for consumption during St Nicholas' day in the Netherlands and Belgium and during Christmas in Germany. These biscuits are mixed along with other ingredients including vegetable oil, flour, and sugar along with added flavor in order to produce a spread
A Place to Spread Gratitude
WannaThankYou is a unique social network to promote gratitude. So much so, that it becomes a lifestyle. It is an initiative to make the world a happy place with the power of gratitude and appreciation. It helps you share your thank you message, connect with people and express your gratitude in a fresh and exciting way. Let no good deed go unnoticed!. Join the gratitude movement and let’s make the world a
Forex-Metal Announces Spread Reduction
Forex-Metal is pleased to announce the reduction of spreads on USDNOK and USDSEK currency pairs. The tightening of spreads and the recent introduction of six new currency pairs will give Forex-Metal's clients an opportunity to trade a wider choice of exotic currency pairs with the tightest spreads available in the market. Forex-Metal views spreads tightening and providing a commission-free trading as one of its priorities. As a market-maker, Forex-Metal does
InvnTree's initiative to spread knowledge about patents.
InvnTree IP Services, in an endeavor to spread knowledge among technology companies about patents, has taken up a new initiative. The company has started a patent blog. The posts in the blog will be authored by experienced patent practitioners. At the very beginning of this initiative, the quality of the articles has been recognized by PluggdIn, one of the most popular technology and start-up blogs. An article, titled "4 fold approach