A brief look at last week and the week ahead, the Weekly Review from IG Index.
Last Week's Trading Highlights
A strong start across world financial markets ran out of steam last week after renewed fears about the strength of a possible economic recovery.
Unemployment Data
The FTSE and Dow both dived close to 2.5% on Thursday after the release of weaker-than-expected US jobless numbers hit investor confidence. The US unemployment rate climbed to 9.5% in June after 467,000 jobs were cut – a considerable jump from the 332,000 figure for May. The jobless rate is now at its highest level in 26 years.
Eurozone figures out the same day failed to lift optimism after the 16-member unemployment rate also reached 9.5% in June – its highest level for ten years.
Meanwhile the ECB maintained the eurozone's interest rate at 1% on Thursday, despite Tuesday's negative euro inflation reading.
At home, the OECD warned on Monday that the UK's return to economic health will be slow, and that UK unemployment will exceed 10% before any upturn.
UK Indicators
The UK outlook was dealt another blow on Tuesday, after the ONS released revised first-quarter GDP data showing the UK economy contracted by 2.4% during the first three months of 2009. This was far worse than the initial estimate at -1.9%, with the ONS citing weak activity in construction and manufacturing.
Adding to a downbeat few days for UK economic data, Thursday's CIPS survey evidenced a weakening in construction activity in June, with output contracting at a faster pace than in the previous two months.
UK Company News
The week's company updates did alleviate some gloom, with retailers Marks & Spencer, HMV and Asos all unveiling upbeat trading statements. On Wednesday M&S reported a smaller-than-predicted 1.4% slide in like-for-like sales in the quarter to June, contrasting favourably with a 4.2% fall in the previous quarter.
On Tuesday music and games retailer HMV said the closure of high street rivals Woolworths and Zavvi helped it record an 18% leap in annual group profit to £61.2 million.
At the start of the week Asos unveiled a 93% jump in annual pre-tax profit to £14.1 million, with the online fashion retailer benefiting from a large rise in international sales.
Thursday's interest-rate announcement by the BoE is sure to garner interest at home this week. Speculation is rife that the MPC, expected to keep interest rates on hold at 0.5%, may add another £25 billion to its quantitative easing programme in an attempt to boost the British economy.
Other significant data includes trade balance figures at home and in the US and the second GDP estimate for the first quarter in the eurozone on Wednesday.
Company Results and Reports
A quiet earnings calendar in the US features quarterlies from Alcoa, Pepsi Bottling Group and energy company Chevron this week. At home, results are due from technology companies IDOX, Touchstone Group and Computacenter.
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.
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 6 July', Review by D. Jones, last update: 6-Jul-09
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Financial Spread Betting 21 March 2011, 21-Mar-11,
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Financial Spread Betting 28 February 2011, 28-Feb-11,
Financial Spread Betting 28 February 2011: Despite a week of troubled headlines, UK consumer confidence stabilised in February, marginally up from its record January lows, and London's FTSE 100 rallied to finish above the 6000 level again...see: Financial Spread Betting 28 February 2011
Financial Spread Betting 7 February 2011, 7-Feb-11,
Financial Spread Betting 7 February 2011: Positive sentiment earlier in the week pushed US markets to two and a half year highs, with the Dow Jones and S&P closing above 12,000 and 1300 respectively on Tuesday. Further growth was stunted, however...see: Financial Spread Betting 7 February 2011
Financial Spread Betting 13 December 2010, 13-Dec-10,
Financial Spread Betting 13 December 2010: A meeting of EU officials on Tuesday didn't result in any further bailout action or funding. However investors seemed unperturbed by the apparent uncertainty from policymakers as European indices advanced and the euro soared to...see: Financial Spread Betting 13 December 2010
Financial Spread Betting 29 November 2010, 29-Nov-10,
Financial Spread Betting 29 November 2010: Negative sentiment was compounded on Tuesday with the news that North Korean artillery shells left four dead on a South Korean island. Geopolitical uncertainty from both events weighed on equities, with the FTSE closing at...see: Financial Spread Betting 29 November 2010
Financial Spread Betting 22 November 2010, 22-Nov-10,
Financial Spread Betting 22 November 2010: The FTSE 100 fell 138.51 points (-2.38%) on Tuesday as Ireland's fiscal woes took centre stage, with concerns over Irish government debt spooking bankers. Miners and commodities were also...see: Financial Spread Betting 22 November 2010
Financial Spread Betting 15 November 2010, 15-Nov-10,
Financial Spread Betting 15 November 2010: Investors appeared unconvinced by the G20 meeting on Thursday, as global shares markets tumbled on Friday morning, with Europe's main indices opening between 1% and 2% down, following...see: Financial Spread Betting 15 November 2010
Financial Spread Betting 8 November 2010, 8-Nov-10,
Financial Spread Betting 8 November 2010: Global indices soared last week after a number of positive indicators and results, including the Federal Reserve's expected QE2 stimulus decision. The FTSE climbed significantly, rising by...see: Financial Spread Betting 8 November 2010
Financial Spread Betting 25 October 2010, 25-Oct-10,
Financial Spread Betting 25 October 2010: UK markets were generally bullish however, as investors took cues from the ongoing third quarter earnings season in the US. The FTSE 100 closed above 5750 on Thursday, its highest level...see: Financial Spread Betting 25 October 2010
Financial Spread Betting 23 August 2010, 23-Aug-10,
Financial Spread Betting 23 August 2010: An unexpected rise in US jobless claims, combined with a contraction in the Philadelphia manufacturing activity index, led to the Dow tumbling 144 points (-1.4%) to 10271.21 on Thursday, while the FTSE 100...see: Financial Spread Betting 23 August 2010
Financial Spread Betting 31 May 2010, 31-May-10,
Financial Spread Betting 31 May 2010: The latest Eurozone problems affected the Euro's value, which fell 0.8% to $1.228 against the Dollar, and £0.855 against Sterling, on Tuesday. Also adding fuel to the fire...see: Financial Spread Betting 31 May 2010
Financial Spread Betting 24 May 2010, 24-May-10,
Financial Spread Betting 24 May 2010: It was a dramatic week for British Airways, as the airline fought unsuccessfully to block the latest round of cabin crew strikes. The injunction was initially granted but...see: Financial Spread Betting 24 May 2010
Financial Spread Betting 10 May 2010, 10-May-10,
Financial Spread Betting 10 May 2010: Beleaguered British oil giant BP saw its share price hit a seven-month low of 550.6p on Tuesday as concerns mounted over the extent of the oil spill in the Gulf of Mexico. There was some...see: Financial Spread Betting 10 May 2010
Financial Spread Betting 21 December, 21-Dec-09,
Financial Spread Betting 21 December: World markets were buoyed last week by positive news from Dubai concerning its debt crisis. The Dubai government's announcement on Monday - declaring that it had been given a handout from UAE neighbour Abu Dhabi to the tune of...see: Financial Spread Betting 21 December
Financial Spread Betting 14 December, 14-Dec-09,
Financial Spread Betting 14 December: On Tuesday, Greece's largest-ever debt level saw its rating downgraded, before Spain was downgraded to negative on Wednesday. Cautious investors continued to buy back the Dollar, causing a...see: Financial Spread Betting 14 December
Financial Spread Betting 16 November, 16-Nov-09,
Financial Spread Betting 16 November: The US Dollar, however, struggled through the week, sliding to a 15-month low against major currencies on Wednesday. The weak Dollar helped gold climb to record highs, nearing...see: Financial Spread Betting 16 November
Financial Spread Betting 9 November, 9-Nov-09,
Financial Spread Betting 9 November: The recent equity rally slowed for the second week in succession with the FTSE dipping below the 5000 level for the first time in a month on Tuesday morning. Investors pored over...see: Financial Spread Betting 9 November
Financial Spread Betting 2 November, 2-Nov-09,
Financial Spread Betting 2 November: The determined upward progress which has dominated global stock markets since March was checked last week. The blow fell with Wednesday's revelation that US new home sales had...see: Financial Spread Betting 2 November
Financial Spread Betting 26 October, 26-Oct-09,
Financial Spread Betting 26 October: The FTSE 100 climbed 91 points (+1.8%) to 5281.5 on Monday, after energy stocks were driven upwards by the price of crude oil, which touched one-year highs above...see: Financial Spread Betting 26 October
Financial Spread Betting 19 October, 19-Oct-09,
Financial Spread Betting 19 October: Meanwhile, record fuel prices haven't helped airlines Ryanair and British Airways, the former reporting a 47% drop in half-year profit and the latter a huge...see: Financial Spread Betting 19 October
Financial Spread Betting 12 October, 12-Oct-09,
Financial Spread Betting 12 October: Meanwhile the price of Gold soared to a new all-time high on three consecutive days, reaching $1,061 a troy ounce on Thursday as the Dollar continued to...see: Financial Spread Betting 12 October
Financial Spread Betting 5 October, 5-Oct-09,
Financial Spread Betting 5 October: After strong gains in global markets on Monday, a number of negative indicators pulled the breaks as financial markets took a step backwards - the FTSE closed...see: Financial Spread Betting 5 October
Financial Spread Betting 28 September, 28-Sep-09,
Financial Spread Betting 28 September: The two-day G20 meeting - focusing on the global economy and tightening banking regulation - drew much attention, with Alistair Darling's pre-meeting warning for banks that the 'party is over'. Despite Mr Darling's call for ...see: Financial Spread Betting 28 September
Financial Spread Betting 21 September, 21-Sep-09,
Financial Spread Betting 21 September: On Tuesday Mervyn King argued that there are signs the UK economy is growing again, though he said the strength of recovery is 'highly uncertain'. These comments were reiterated by Fed chairman Ben Bernanke, who claimed...see: Financial Spread Betting 21 September
Financial Spread Betting 14 September, 14-Sep-09,
Financial Spread Betting 14 September: Significant merger and acquisition activity on Monday boosted investor confidence and helped the FTSE 100 reach a high point for the year. Cadbury's share price leapt up 37.85% after it rejected Kraft's £10.2 billion takeover proposal on the grounds that...see: Financial Spread Betting 14 September
Financial Spread Betting 7 September, 7-Sep-09,
Financial Spread Betting 7 September: After 11 straight days of gains, the FTSE 100's winning streak came to an end on Tuesday following the release of poor manufacturing data at home. Oil giant BP did its best to buck the downward movement though, rising...see: Financial Spread Betting 7 September
Financial Spread Betting 31 August, 31-Aug-09,
Financial Spread Betting 31 August: Several economic indicators out of the US this week supported Federal Reserve Chairman Ben Bernanke's sentiments that 'prospects for a return to growth in the near term appear good'. Business confidence in Europe's largest economy increased for...see: Financial Spread Betting 31 August
Financial Spread Betting 24 August, 24-Aug-09,
Financial Spread Betting 24 August: Various signs this week indicated an upturn for the UK. Official data on Thursday showed a second successive monthly jump in retail numbers, after sales in July rose by ...see: Financial Spread Betting 24 August
Financial Spread Betting 17 August, 17-Aug-09,
Financial Spread Betting 17 August: In investment news, after several snubbed offers, Friends Provident agreed to a £1.86 billion takeover proposal from Resolution and, after a brief trip back below 4650 on Wednesday, the FTSE climbed...see: Financial Spread Betting 17 August
Financial Spread Betting 3 August, 3-Aug-09,
Financial Spread Betting 3 August: On the economic front, this week's housing data dominated both sides of the Atlantic. There were conflicting reports in the UK: early in the week, Hometrack predicted that a recovery in UK house prices was a long...see: Financial Spread Betting 3 August
Financial Spread Betting 27 July, 27-Jul-09,
Financial Spread Betting 27 July: An upbeat week of trading - driven by a raft of positive earnings results from the US - saw global equity markets push out to levels not seen since January this year. Nine days of...see: Financial Spread Betting 27 July
Financial Spread Betting 20 July, 20-Jul-09,
Financial Spread Betting 20 July: A series of positive quarterly earnings results and a midweek rally helped curtail the recent slide across financial markets. The FTSE made gains throughout...see: Financial Spread Betting 20 July
Financial Spread Betting 6 July, 6-Jul-09,
Financial Spread Betting 6 July: The FTSE and Dow both dived close to 2.5% on Thursday after the release of weaker-than-expected US jobless numbers hit investor confidence. The US unemployment rate climbed to...see: Financial Spread Betting 6 July
Financial Spread Betting 29 June, 29-Jun-09,
Financial Spread Betting 29 June: Financial markets once again slumped at the week's outset after the World Bank predicted a deeper global recession than it had previously estimated. Its revised forecast of a 2.9% decline in the world's GDP was significantly...see: Financial Spread Betting 29 June
Financial Spread Betting 15 June, 15-Jun-09,
Financial Spread Betting 15 June: Crude Oil prices also neared a seven-month high on Thursday, reaching $73.23 a barrel, before dropping to $72.04 on Friday. On the same day, the International Energy Agency revised...see: Financial Spread Betting 15 June
Financial Spread Betting 8 June, 8-Jun-09,
Financial Spread Betting 8 June: Financial markets made a strong start on Monday after a series of positive manufacturing readings fuelled hope that the economic downturn is easing. The FTSE 100 climbed...see: Financial Spread Betting 8 June
Financial Spread Betting 18 May, 18-May-09,
Financial Spread Betting 18 May: The week's equities market movement was largely aimless following strong gains over the previous week, after a slew of bad news week halted the brief...see: Financial Spread Betting 18 May
Financial Spread Betting 11 May, 11-May-09,
Financial Spread Betting 11 May: Across the Atlantic the Dow Jones performed strongly for the first half of the week before falling on Thursday, with analysts suggesting this was attributable to anticipation of the US bank stress-test results which revealed that...see: Financial Spread Betting 11 May
Financial Spread Betting 27 Apr, 27-Apr-09,
Financial Spread Betting 27 Apr: The previously underperforming FTSE 100 rose 43.20 points (1.08%) on Wednesday, and despite a small drop on Thursday, climbed a further...see: Financial Spread Betting 27 Apr
Financial Spread Betting 20 Apr, 20-Apr-09,
Financial Spread Betting 20 Apr: After a sluggish start to post-Easter trading, the UK's blue-chip FTSE 100 Index added 84.58 points (+2.13%) to 4052.98 on Thursday. Across the Atlantic, however, the Dow fell by...see: Financial Spread Betting 20 Apr
Financial Spread Betting 6 Apr, 6-Apr-09,
Financial Spread Betting 6 Apr: Financial markets, however, were on the rise before the G20 announcement, due in part to rallies in the mining sector. Kazakhmys and Xstrata made major gains early in the week, with...see: Financial Spread Betting 6 Apr
Financial Spread Betting 16 Mar, 16-Mar-09,
Financial Spread Betting 16 Mar: Housing sales in the last quarter remain at a 31-year low according to the latest RICS survey, while retail sales fell in February, with the BRC confirming that like-for-like sales...see: Financial Spread Betting 16 Mar
Financial Spread Betting 2 Mar, 2-Mar-09,
Financial Spread Betting 2 Mar: World markets see-sawed this week with the FTSE, in particular, exhibiting pronounced intraday volatility. The Dow closed down near a 12-year low on...see: Financial Spread Betting 2 Mar
Financial Spread Betting 16 Feb, 16-Feb-09,
Financial Spread Betting 16 Feb: Another bleak five days featured more negative forecasts for the UK economy, an apology for the failure of two UK banking giants plus a muted reception from investors for the latest US...see: Financial Spread Betting 16 Feb
Financial Spread Betting 9 Feb, 9-Feb-09,
Financial Spread Betting 9 Feb: On Thursday the Bank of England slashed interest rates to a record low of 1% to combat the deepening recession. While some analysts questioned the usefulness of the move, the cut immediately led to the pound surging above €1.15 for the first time in...see: Financial Spread Betting 9 Feb
Financial Spread Betting 2 Feb, 2-Feb-09,
Financial Spread Betting 2 Feb: The FTSE 100 had started the week positively, buoyed by a resurgence in banking stocks. Firstly a Barclays 'open letter' reassured investors over its capital position, before a broker upgrade for...see: Financial Spread Betting 2 Feb
Financial Spread Betting 19 Jan, 2-Jun-10,
Financial Spread Betting 19 Jan: Early-year gains in world financial markets continued to falter last week as renewed banking fears on both sides of the Atlantic sent share prices tumbling. At home the FTSE 100 slumped 5% to...see: Financial Spread Betting 19 Jan
Financial Spread Betting 12 Jan, 2-Jun-10,
Financial Spread Betting 12 Jan: With the downturn leading to a tightening of purse strings, the retail sector was in the spotlight last week. On Wednesday Marks and Spencer issued its weakest quarterly statement for ten years, as like-for-like...see: Financial Spread Betting 12 Jan
Financial Spread Bets 5 Jan, 5-Jan-09,
Financial Spread Bets 5 Jan: The FTSE 100 added more than 200 points (+ 5%) to Wednesday's lunch-time close, led higher thanks largely to gains across mining and energy sectors. The year's late mini-rally could not disguise...see: Financial Spread Bets 5 Jan
Financial Spread Bets 22 Dec, 22-Dec-08,
Financial Spread Bets 22 Dec: The prospect of a UK interest-rate cut early next year saw sterling hit record lows against the euro last week, while unemployment figures...see: Financial Spread Bets 22 Dec
Financial Spread Bets 15 Dec, 15-Dec-08,
Financial Spread Bets 15 Dec: In retailing, total sales slipped 0.4% year-on-year in November, the first occasion in 13 years that sales have sunk in consecutive months. Meanwhile...see: Financial Spread Bets 15 Dec
Financial Spread Bets 8 Dec, 8-Dec-08,
Financial Spread Bets 8 Dec: The pound plunged 5.2% to $1.483 against the dollar on Monday before falling to a new low against the euro of €1.148 on Thursday, after the PMI survey showed a record decline in...see: Financial Spread Bets 8 Dec
Financial Spread Bets 24 Nov, 24-Nov-08,
The continuing slide in oil prices was one key factor in the large month-on-month CPI fall, and crude oil prices slipped to a three-and-a-half year low beneath...see: Financial Spread Bets 24 Nov
Financial Spread Bets 17 Nov, 17-Nov-08,
Financial Spread Bets 17 Nov: The gloomy data propelled the pound to a six-and-a-half year low of $1.45 on Friday, while crude oil prices slumped to...see: Financial Spread Bets 17 Nov
Financial Spread Bets 10 Nov, 10-Nov-08,
Financial Spread Bets 10 Nov: The housing market slide shows little sign of abating: Thursday's Halifax survey revealed prices fell by 2.2% last month compared to September, down 13.7%...see: Financial Spread Bets 10 Nov
Financial Spread Bets 3 Nov, 3-Nov-08,
Financial Spread Bets 3 Nov: The latest housing market data from the FSA showed repossessions jumped by 71% in the second quarter compared to 2007, while Nationwide's latest survey indicated house prices have...see: Financial Spread Bets 3 Nov
Financial Spread Bet 27 Oct, 27-Oct-08,
UK housing and retail sectors also continue to struggle under the weight of the current downturn. HMRC data revealed that UK house sales slumped 53% to...see: Financial Spread Bet 27 Oct
Financial Spread Bets 20 Oct, 20-Oct-08,
Financial Spread Bets 20 Oct: Financial markets reacted positively early in the week, with the FTSE 100 gaining 11.4% to Tuesday's close, including its second biggest one-day percentage gain of 8.3% on Monday. The same day across the...see: Financial Spread Bets 20 Oct
Financial Spread Bet 13 Oct, 13-Oct-08,
Financial Spread Bet 13 Oct: On Monday the FTSE 100 slumped to its biggest ever one-day points loss, shedding 391.1 points (-7.9%) to close at...see: Financial Spread Bet 13 Oct
Financial Spread Bet 6 Oct, 6-Oct-08,
Financial Spread Bet 6 Oct: The FTSE also dropped by 269.7 points (-5.3%) to 4818.8, on a day when the market turmoil continued on both sides of the Atlantic. At home, the UK government...see: Financial Spread Bet 6 Oct
Financial Spread Bet 29 Sep, 29-Sep-08,
Financial Spread Bet 29 Sep: The world's banking shake-up inevitably reverberated throughout another week, with the US banking bail-out plan the key driver for financial markets. The US Treasury's $700 billion scheme to take on banks' toxic debts was still...see: Financial Spread Bet 29 Sep
Financial Spread Betting 15 Sep, 15-Sep-08,
Financial Spread Betting 15 Sep: The move led to a rise in financial markets, with the Dow up 290.43 points (+2.6%) at Monday's close. In London, the FTSE 100 jumped almost 200 points within the first half-hour's trading, but a...see: Financial Spread Betting 15 Sep
Financial Spread Betting 8 Sep, 8-Sep-08,
Financial Spread Betting 8 Sep: Overall, it proved to be a torrid week for financial markets. Punch Taverns cancelled its final dividend after annual like-for-like sales fell 3.4%, precipitating a 12% drop in its share price as the pub group became the biggest...see: Financial Spread Betting 8 Sep
Financial Spread Betting 1 Sep, 1-Sep-08,
Financial Spread Betting 1 Sep: Nationwide survey showed house prices are down 10.5% annually, after dropping a further 1.9% from July, figures that are likely to be backed up by the Halifax survey due next week. Housebuilders continue to suffer: the UKs biggest, Taylor Wimpey, revealed a huge...see: Financial Spread Betting 1 Sep
Financial Spread Betting 25 Aug, 25-Aug-08,
Financial Spread Betting 25 Aug: This outlook is mirrored in the US, after Thursdays confirmation that inflation hit a 17-year high in July, reaching 5.6% on an annual basis. Meanwhile the BoEs downbeat report prompted the pound to slide to its lowest level against the dollar for nearly two...see: Financial Spread Betting 25 Aug
Financial Spread Betting 18 Aug, 18-Aug-08,
Financial Spread Betting 18 Aug: Further evidence of the housing market fallout hit both the US and UK. In the US, 272,000 home foreclosures in July resulted in a 55% year-on-year increase, while figures released on Friday at home showed repossessions jumped by 24% in the second quarter compared to...see: Financial Spread Betting 18 Aug
Financial Spread Betting 11 Aug, 11-Aug-08,
Financial Spread Betting 11 Aug: The banking sector also hit the headlines again, with RBS reporting the second-biggest UK banking loss on Friday. Despite the pre-tax £691 million half-year loss, which includes a £5.9 billion credit crunch writedown, analysts had expected losses to surpass...see: Financial Spread Betting 11 Aug
Spread Betting 4 Aug, 4-Aug-08,
Spread Betting 4 Aug: The soaring price of oil helped provide a boost to second-quarter profit for the worlds oil giants. On Tuesday BP announced a 6% rise in profit after tax to $6.85 billion, while on Thursday Royal Dutch Shell unveiled a 4.6% year-on-year rise in profit to...see: Spread Betting 4 Aug
Spread Betting 28 Jul, 21-Jul-08,
Spread Betting 28 Jul: In the US, further evidence of a decline in existing home sales, down by 15.5% in June year-on-year, coupled with renewed fears in the financial sector, saw the Dow plunge 283.10 points (-2.43%) to 11349.28 on Thursday. There were some glimmers amid the economic gloom though, as technology giant Apple and internet retailer Amazon reported...see: Spread Betting 28 Jul
Spread Betting 21 Jul, 21-Jul-08,
Spread Betting 21 Jul: In the UK, the FTSE 100 fell after data released by the ONS showed producer prices rising at their fastest level in 22 years last month, up 10% on the year and 0.9% from May. Consumer inflation was also up, hitting an 11-year peak after rising 3.8% in June. But the markets managed to claw back their losses later in the week and on Friday...see: Spread Betting 21 Jul
Spread Betting 14 Jul, 14-Jul-08,
Spread Betting 14 Jul: Marks & Spencer was again in the spotlight, with executive chairman Sir Stuart Rose surviving a shareholder vote on Wednesday at the company's AGM. However, after worse-than-expected quarterly figures last week and question marks over his combined job role, the strength of opposition to Rose's reappointment was significant: 5% voted against the executive chairman, while 17% withheld their vote. The current tough...see: Spread Betting 14 Jul
Spread Betting 7 Jul, 7-Jul-08,
Spread Betting 7 Jul: A volatile week worldwide saw the FTSE 100 shed 146 points (-2.6%) on Tuesday, while the mid-cap FTSE 250 also fell heavily, down 225 points to 8920.8, as downbeat economic indicators took their toll on banks and house builders. Rumours that Swiss banking giant UBS is set to reveal further sub-prime mortgage-related losses sent the banks lower, while the latest housing survey brought misery for...see: Spread Betting 7 Jul
Spread Betting 30 Jun, 30-Jun-08,
Spread Betting 30 Jun: Last week the FTSE fell 147.9 points (-2.6%) to 5518.2, a three-month low and the heaviest one-day drop since 27 May. This week the influential employment report and non-farm payrolls, which dropped by 49,000 jobs last month, will be key to...see: Spread Betting 30 Jun
Spread Betting 23 Jun, 23-Jun-08,
Spread Betting 23 Jun: Contrary to the general gloom, Mays UK retail sales took analysts by surprise after rising by 3.5% compared to April, the strongest monthly growth in more than 20 years. The latest high street updates were mixed with Sainsburys quarterly trading...see: Spread Betting 23 Jun
Spread Betting 16 Jun, 16-Jun-08,
Spread Betting 16 Jun: Financial markets had a turbulent week, with sell offs in the banking and construction sectors dragging UK indices down. On Wednesday the FTSE closed lower for a fourth day running, slipping 104 points on the day to 5723, its lowest close since...see: Spread Betting 16 Jun
Spread Betting 9 Jun, 9-Jun-08,
Spread Betting 9 Jun: Oil prices eased having surged to $135 a barrel. Both Brent and US crude fell below $122 on Thursday. The news brought some relief to airlines, after the industrys global body IATA forecast last years collective $5.6 billion profit will turn into a $6.1 billion loss if oil prices remain so high. Ryanair, after the budget airline posted annual profit of €439m, €12m lower year-on-year although the figure included a...see: Spread Betting 9 Jun
Spread Betting 2 Jun, 2-Jun-08,
Spread Betting 2 Jun: Plunging share prices in the banking sector has hit the discounted offer value of those banks attempting to fulfil rights issues. At Thursdays closing price of 231.75p, RBSs offer discount had shrunk from 46% to just 16%, while Bradford & Bingleys price has fallen to 90.5p, just 8.5p above the...see: Spread Betting 2 Jun
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