» UK markets ended sharply lower yesterday, after European Central Bank (ECB) President, Mario Draghi’s comment dampened market expectations that the bank would massively step up its bond purchases.
» Among financials, Lloyds, the top laggard on the FTSE 100 index, declined 7.4%, while Barclays and Royal Bank of Scotland retreated 3.7% and 5.5%, respectively, following disappointing results of the latest European bank stress tests.
» Engineering groups, GKN and IMI lost 3.4% and 4.5%, respectively, after Credit Suisse downgraded its rating on both the stocks.
» Aviva lost 3.0%, after BNP Paribas downgraded its rating on the stock to “Neutral” from “Outperform”.
» Man Group lost 3.3%, after Merrill Lynch cut its earnings forecasts on the firm. Mothercare fell 5.9%, after it lost its place in the FTSE 250 index in a review announced late on Wednesday.
» FTSE 100 shed 1.1% to close at 5,483.8, while FTSE 250 fell 1.9% to settle at 10,086.1.
Where to Spread Bet on UK Shares
FTSE 100 Shares
FTSE 250 Shares
Spread betting markets on European Shares may also be available through other companies. Notes.
US Shares News - 09 Dec 11
» US markets fell sharply yesterday, snapping a three-day gain, after ECB comments dampened market expectation that the bank would boost debt purchases. This also came amid a report that Germany had reiterated its opposition to some measures of a draft proposal discussed at the EU summit.
» Among financial stocks, Morgan Stanley, the top laggard on the S&P 500 index, declined 8.4%, while Goldman Sachs, Bank of America, JPMorgan Chase and Citigroup skidded between 5.0% and 7.0%, as risk appetite decreased among investors.
» Clearwire dropped 4.0%, as it raised its share issuance programme by $50 million. Valero Energy lost 5.3%, after RBC downgraded its rating on the stock to “Outperform” from “Top pick”.
» IBM fell 1.3%, after acquiring DemandTec. Alcoa, Intel and GE slid 4.3%, 3.7% and 2.6%, respectively, amid concerns about the economic growth.
» DJIA declined 1.6% to 11,997.7. NASDAQ tumbled 2.0% to 2,596.4. S&P 500 fell 2.1% to settle at 1,234.4.
Where to Spread Bet on US Shares
Wall Street Shares
S+P 500 Shares
Nasdaq 100 Shares
Spread betting markets on US Shares may also be available through other companies. Notes.
Asian Shares News - 09 Dec 11
» Asian markets are trading sharply lower this morning, taking cues from strong overnight losses on Wall Street, after ECB refrained from increasing government bond purchases to resolve the debt crisis.
» Additionally, lower-than-expected increase in Japan’s economic growth and disappointing comments from Bank of Korea about the country’s economic growth weighed on market sentiment.
» In Japan, homebuilders, Mitsui Fudosan, Mitsubishi Estate and Sumitomo Realty & Development paced declines following report that vacancy rate for Tokyo office space rose to 8.9% in November from 8.8% in October.
» In Hong Kong, Cnooc and Petrochina, paced losses, in line with a fall in crude oil prices.
» In South Korea, technology stock, Hynix Semiconductor lost value, after its US peers, Texas Instruments and Altera, issued weak quarterly outlook.
» Nikkei 225 index is trading 1.4% lower, at 8,544.2. Hang Seng index is trading 2.6% lower at 18,605.9, while the Kospi index is trading 1.5% lower at 1,883.2.
Spread Betting Markets
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'Barclays Spread Betting Market Lower on Bank Stress Test Results', Article by ETX Capital, last update: 9-Dec-11
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