» UK markets dropped sharply yesterday, as a surge in Italian borrowing cost above 7.0% raised concerns about worsening of the European debt crisis.
» Auto insurer, Admiral Group, the top laggard on the FTSE 100 index, plummeted 25.6%, after its personal injury claims rose above historic levels, leading the company to lower its earnings guidance for the current year.
» Among banking stocks, HSBC declined 5.8%, after its third-quarter pre-tax profit dropped sharply and as it forecast a gloomy outlook.
» Business process outsourcer, Capita Group lost 5.0%, after it failed to bag a £1.4 billion pension contract.
» Tate & Lyle slipped 2.3%, after Investec downgraded the stock to “Sell” from “Hold”.
» Tullow Oil lost 5.3%, as it lowered its full-year production target for 2011.
» Kesa Electricals fell 2.8%, after it announced that it would pay £50 million to exit its Comet chain in the UK.
» FTSE 100 slumped 1.9% to 5,460.4. FTSE 250 fell 1.4% to 10,268.9.
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 Nov 11
» US spread betting markets plunged sharply on Wednesday, as a spike in Italian bond yields raised concerns about Eurozone’s debt crisis.
» JPMorgan Chase lost 7.1% and emerged as the top loser on the DJIA index, while Bank of America, Goldman Sachs, Citigroup and Morgan Stanley slumped between 5.7% and 9.0%, amid increasing concerns of a contagion.
» Adobe Systems plunged 7.7%, as it decided to slash 750 jobs, as a part of its restructuring program.
» Among technology stocks, Computer Sciences, the top loser on the S&P 500 index, plummeted 15.4%, as it swung to a second-quarter loss.
» Retailer, Macy's lost 5.3%, after it lowered its guidance for the current quarter.
» General Motors tumbled 11.0%, after it recorded a lower third-quarter profit, amid losses in Europe and offered a disappointing outlook.
» DJIA slumped 3.2% to close at 11,780.9. NASDAQ tumbled 3.9% to settle at 2,621.7. S&P 500 plunged 3.7% to end at 1,229.1.
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 Nov 11
» Asian markets are trading sharply lower this morning, following strong overnight losses on Wall Street. Banks and exporters recorded losses, after Italian bond yields rose above 7.0%, and amid speculation that Greece, Ireland and Portugal would require international bailouts.
» In Japan, financial stock, Daiwa Securities and Nomura Holdings, traded lower after Moody’s Investors Service downgraded the former and warned of a possible credit-rating downgrade of the latter.
» Exporters, Toshiba, Panasonic and Sony paced losses as the yen strengthened against the dollar.
» In Hong Kong, banking stock, ICBC traded lower, amid speculation that Goldman Sachs had sold 1.75 billion shares of the company.
» Carmakers, SAIC and Anhui Jianghuai Automobile traded lower, after auto sales fell.
» In South Korea, technology stock, LG Display lost value, after the company announced to halve its LCD investment.
» Nikkei 225 index is trading 2.8% lower, at 8,506.3. Hang Seng index is trading 4.5% lower at 19,117.5, while the Kospi index is trading 3.9% lower, at 1,832.7.
Spread Betting Markets
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'Spike in Italian Bond Yields Sends US Spread Betting Markets Plunging', Article by ETX Capital, last update: 10-Nov-11
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