Financial Spread Betting 1 February 2010

Spread Betting
           
Financial Spread Betting 1 February 2010

Financial Spread Betting 1 February 2010

A brief look at last week and the week ahead, the Weekly Review from IG Index.

Weekly Trading Report 1 February 2010 - Last Week's Trading Highlights


Leading financial markets continued the slump which began in the previous week, even after the UK economy crawled clear of recession.

Tuesday's fourth-quarter GDP report showed a less-than-expected 0.1% growth and this lacklustre performance further depressed the value of the Pound.

However, the sight of the last major economy leaving the red seems to have provoked optimism not just from the World Economic Forum but also from the IMF. It upped its predicted 2010 world growth rate to 3.9%.

Apple showed itself an early forerunner of that optimism, announcing a 50% year-on-year profit increase on Monday and seeing a further boost after Wednesday's much-hyped iPad launch.

Yahoo stole a little of Apple's thunder on Tuesday after revealing a Q4 net profit of $153 million, putting its total 2009 profit 43% up on 2008.

On Wednesday Boeing also showed a sharp rise in fourth-quarter revenue, up 42% year-on-year. And in the UK, higher revenues and cost cutting measures helped BSkyB's first-half profit jump 30% year-on-year on Thursday.

Pharmaceutical blue-chip AstraZeneca showed rather less positive prospects, however, announcing on Thursday that despite strong yearly results they would be laying off a further 8000 employees.

Earlier in the week the US retail giant Wal-Mart showed similar cost-cutting tendencies, revealing plans to axe 11,200 jobs at its Sam's Club chain.

Monday's December US home sales showed a sharp month-on-month fall in the wake of the 30 November tax credit deadline.

Despite the lull, sales were still up on the same period in 2008, indicating an increased confidence mirrored in Tuesday's consumer confidence index rise. US house prices were also on the increase, showing 0.2% seasonally-adjusted monthly growth for November.

On Wednesday the Fed kept interest rates at their 0-0.25% all-time low, while President Obama's State of the Union address emphasised the need for Wall Street reform and promised to put job creation at the forefront of his agenda.

IG Index - Live Prices, Charts, Indices, Equities,
Commodities, Forex and more >> read the IG Index Review.

Weekly Trading Report 1 February 2010 - The Week Ahead


Indicators

After the UK’s tepid emergence from recession analysts will be looking to Monday's mortgage and consumer credit data for stronger signals that the economy is out of the woods.

Thursday sees the MPC's interest rate announcement, and with the rate having been kept on hold for the past 11 months few are expecting any change.

On the US schedule, look out for the Challenger job-cut survey on Wednesday followed by the all important non-farm payrolls which close out the week.


Company Results and Reports

The US reporting season continues apace with Pepsi releasing fourth-quarter results on Tuesday, followed by Time Warner and Western Union midweek.

At home keep an eye out for energy giant BP's full year figures on Tuesday, followed by pharmaceutical giant GlaxoSmithKline reporting on Thursday.



The above content does not constitute investment advice. Neither Online-Spread-Betting.com nor IG Index accepts any responsibility for any use that may be made of the above.

Remember that financial spread betting is a leveraged product and can result in losses that exceed your initial deposit. Spread betting may not be suitable for everyone, so please ensure that you fully understand the risks involved.

IG Index - Live Prices, Charts, Indices, Equities,
Commodities, Forex and more >> read the IG Index Review.




For previous weeks see below.

Note - Spread Betting carries a high level of risk to your capital and you can lose more than your initial investment, it may not be suitable for all investors. Ensure you only speculate with money that you can afford to lose and that you fully understand the risks involved and seek independent financial advice where necessary.

'Financial Spread Betting 1 February 2010', Review by D. Jones, last update: 1-Feb-10



Related articles:

Online Spread Betting, 6-Jun-11,
Online Spread Betting News: Highlights of last week's spread betting markets and a look at the factors that will influence the week ahead plus company releases, economic news and...see: Online Spread Betting

Financial Spread Betting Weekly News, 23-May-11,
Financial Spread Betting Weekly News: The weekly trading review...see: Financial Spread Betting Weekly News

Financial Spread Betting 4 April 2011, 4-Apr-11,
Financial Spread Betting 4 April 2011: Construction firms were on the rise, with building supplies firm Wolseley returning to profit in the first half of the year and house builder Bellway reporting profit up...see: Financial Spread Betting 4 April 2011

Financial Spread Betting 28 March 2011, 28-Mar-11,
Financial Spread Betting 28 March 2011: The Nikkei index jumped 4.4% on Tuesday, in what was dubbed a 'relief rally', while the FTSE and the Dow climbed to near pre-earthquake levels...see: Financial Spread Betting 28 March 2011

Financial Spread Betting 21 March 2011, 21-Mar-11,
Financial Spread Betting 21 March 2011: On Thursday the Japanese yen reached ¥76.25 against the US dollar, its highest level since the end of World War II. The BoJ continued to pour in further funds to stabilise...see: Financial Spread Betting 21 March 2011

Financial Spread Betting 14 March 2011, 14-Mar-11,
Financial Spread Betting 14 March 2011: Spread betting investors were left eyeing Portugal and Italy, after Spain was surprisingly downgraded on Thursday. China's unexpected $7.3 billion trade deficit and...see: Financial Spread Betting 14 March 2011

Financial Spread Betting 7 March 2011, 7-Mar-11,
Financial Spread Betting 7 March 2011: On Tuesday, Brent crude oil pushed back up above 113 a barrel, but prices eased on Thursday following speculation of a peace plan for Libya. Gold reaffirmed its ...see: Financial Spread Betting 7 March 2011



Weekly Spread Betting Review Index

Financial Spread Betting News Index: An index of weekly spread betting and CFD trading reviews from IG Index...see Index.




Trading News
Looking to improve your trading results? Get free trading tips and trading analysis as well as the latest trading offers » Trading News.

   
Risk Warning: Spread Betting carries a high level of risk to your capital and you can lose more than your initial investment, it may not be suitable for all investors. Ensure you only speculate with money that you can afford to lose and that you fully understand the risks involved and seek independent financial advice where necessary.

Disclaimer: Online-Spread-Betting.com does not endorse the information and analysis available on this site. It is provided purely for information purposes and is delivered as a personal view of the writer. Under no circumstances is the information hereon to be used or considered as, an offer to sell, or a solicitation of any offer to buy. The website content does not constitute investment advice and neither the individual contributor nor Online-Spread-Betting.com accepts any responsibility for any use that may be made of the content.

* Tax Free Trading: Tax law is subject to change. It may also differ if you pay tax in a jurisdiction outside the UK.

Spread Betting Firms
Capital Spreads
City Index
CMC Markets
ETXCapital
Financial Spreads
GFT
IG Index
Spreadex
Spread Betting Offers
Spread Betting News
Daily Spread Bet Tips
Daily Market Analysis
Daily Shares News
Daily FX Trading
Daily Blog
Daily Market Data
Daily Spread Betting
Trading News
Spread Trading Strategy
Spread Betting
Financial Spread Betting
Financial Fixed Odds
Financial Glossary
Trading Directory
© Copyright Online-Spread-Betting.com 2007-2012. All rights reserved.