» UK financial spread betting markets ended marginally higher on Friday, as an upbeat US employment data for September offset a downgrade of UK banks by Moody’s Investors Service.
» Vedanta Resources, the top gainer on the FTSE 100 index, rose 4.2%, after reporting a broad-based production growth.
» Rio Tinto, Antofagasta and Xstrata gained between 1.2% and 2.7%, amid easing worries over a double-dip recession in the US and tracking a rise in base metal prices.
» Wolseley climbed 4.1%, as Bank of America reiterated its “Buy” recommendation on the stock.
» ITV gained 3.4%, after Macquarie initiated coverage on the stock with “Outperform” rating.
» Royal Bank of Scotland and Lloyds Banking Group slipped 3.0% and 3.4%, respectively, as Moody’s slashed their senior-debt ratings.
» FTSE 100 edged up 0.2% to 5,303.4, while FTSE 250 gained 0.7% to 9,958.0.
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 - 10 Oct 11
» US markets ended lower on Friday, led by a decline in financial sector stocks, on increased concerns about the European debt crisis as a credit rating cut for Spain and Italy, overshadowed a better-than expected US employment report.
» Sprint Nextel slumped 19.9% and emerged as the top laggard on the S&P 500 index, as it announced plans to raise additional capital for improving its network and handsets.
» Bank of America, the top decliner on the DJIA, slipped 6.1%, while JPMorgan Chase, Goldman Sachs and Morgan Stanley lost between 5.2% and 6.2%, as Fitch slashed its rating on Spain and Italy.
» Clearwire Corp, the top laggard on NASDAQ, tumbled 32.2%, after its partner, Sprint Nextel, indicated that it might end the companies’ partnership after the current accord ends in 2012.
» Genetic analysis tools provider, Illumina tanked 31.9%, after it projected lower revenues for its third-quarter.
» DJIA edged down 0.2% to close at 11,103.1. NASDAQ dropped 1.1% to settle at 2,479.4. S&P 500 lost 0.8% to end at 1,155.5.
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 - 10 Oct 11
» Asian markets are trading mixed this morning, following a drop in Chinese housing sales during a week-long holiday. This also came amid speculation that the Chinese government would not ease monetary policies which offset announcements that European leaders have reached an agreement to strengthen the European banking system.
» In Hong Kong, homebuilders, China Vanke and Poly Real Estate paced declines.
» Banking stocks, Industrial & Commercial Bank of China and Hang Seng Bank traded lower, tracking losses in its UK peers, after Moody’s Investors services downgraded 12 financial institutions.
» Oil stocks, PetroChina and China Petroleum & Chemical Corp lost values, after China cut retail prices for gasoline and diesel fuel on Sunday.
» In South Korea, Samsung Electronics gained value, after the firm reported better-than-expected 3Q earnings.
» Markets in Japan are closed on account of public holiday. Hang Seng index is trading 1.1% lower at 17,527.5, while the Kospi index is trading 0.5% higher, at 1,768.7.
Spread Betting Markets
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'Financial Spread Betting Markets Higher on US Jobs Data', Article by ETX Capital, last update: 10-Oct-11
Risk warning: As a small percentage of the total contract value is required as deposit, your profit or loss can rapidly exceed that deposit. Seek advice if you don't fully understand the risks. Spread bets and CFDs carry high risk and are not suitable for everyone.
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