Disapointing PMI data suggests European economy struggling to grow in 1st Qtr
Drinks can maker, Rexam, at three year highs (increased profits of 15%)
Telecoms is worst performing sector
Yesterday, European markets once again slid back as this week’s earlier optimism has been tempered by disappointing PMI data out of the Eurozone core.
These PMI figures seemed to [...]
CFD trading markets have traded with a much softer tone today as concerns about deteriorating relations between Greek and EU politicians fuel a suspicion that a Greece default is imminent.
Despite closing well off their intraday lows, concerns still remain that the continuing delays in wrapping up this running sore with talk of looking at [...]
“The FTSE 100 finished the week lower with the UK Index losing 0.7% as concerns escalated over the political impasse in Athens towards meeting the Troika’s additional austerity demands. In addition, weaker than expected import data from China highlighted concerns over a slowdown in the worlds fastest growing economy.
The FTSE 100 closed down by 0.7% [...]
The Bank of England today kept rates on hold and announced an increase to the scale of asset purchases under a second phase of quantitative easing by £50bn, as expected.
The CFD trading market had long been expecting an increase of £50bn and the Bank of England delivered on that expectation.
However, as much of the increase [...]
European equity markets have traded in a holding pattern with all eyes fixed on Athens with a slightly negative bias into the close as the uncertainty surrounding a possible Greek deal keeps investors on the side-lines.
With meetings between Greek political leaders, currently taking place as we head into the close, the potential for a [...]
Equity markets continue to trade cautiously mixed, despite speculation that a Greek loan deal is close.
This is likely to be a case of ‘once bitten, thrice shy’ with respect to talk of imminent deals out of Greece, hence the markets reticence to get ahead of itself given that we have been disappointed so many [...]
European stocks pushed lower as concerns over a potential Greek default triggered investors into profit taking, as EU leaders await coalition parties in Greece to formally accept fresh austerity demands as part of the new bailout terms.
With stock markets hitting new six-month highs on Friday, financial CFD trading investors have been encouraged to take some [...]
US non farm payrolls blasted past market expectations in January with non farm payrolls increasing from 203,000 to 243,000 when a drop had been expected, giving stocks and shares CFD markets a lift.
Private Payrolls also beat expectations to grow to 257,000 against expectations of 170,000 whilst the US Unemployment rate continued to fall to 8.3% [...]
European Markets
European markets were mixed as sentiment see-sawed on poor earnings and a surging mining sector.
The basic resource sector led from the front as Xstrata Plc. confirmed media speculation regarding a merger approach from Glencore International Plc.
Unilever languished at the bottom following a profit warning and worse than expected profits in Q4.
Drug maker AstraZeneca [...]
Better than expected manufacturing data out of China gave a strong lift to heavyweight mining stocks and improved broader sentiment.
This comes after a disappointing set of economic data out of the US yesterday, and gives the heavily mining influenced FTSE 100 CFD trading market a lift of over 1% by 10.25am on Wednesday.
Chinese data [...]