» UK financial spread betting markets rallied on Friday, bolstered by gains in mining and banking sector stocks, amid hopes that the European policymakers would act collaboratively to contain the region’s debt crisis.
» Among mining stocks, Xstrata, the top gainer on the FTSE 100 index, soared 6.2%, after HSBC upgraded the stock to “Overweight” from “Neutral”.
» Rio Tinto and Antofagasta climbed 4.5% and 5.5%, respectively, tracking a rise in base metal prices.
» Energy stocks, Royal Dutch Shell, BP and BG Group climbed between 1.6% and 2.7%, as Nomura initiated coverage on these stocks with a “Buy” rating.
» Barclays led banks higher, surging 5.8%, while Royal Bank of Scotland and Lloyds Banking Group rose 3.4% and 3.9%, respectively, as worries over the debt crisis eased.
» Intercontinental Hotels Group jumped 5.0%, after Morgan Stanley added the stock to its “High Conviction” list.
» FTSE 100 rose 1.9% to settle at 5,488.7. FTSE 250 jumped 1.5% to 10,265.5.
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 - 24 Oct 11
» US markets closed higher on Friday, on robust corporate earnings report and amid optimism for an imminent solution to the European debt crisis, ahead of the weekend's European Union summit.
» Infotainment equipment manufacturer, Harman International Industries, the top gainer on the S&P 500 index, surged 20.5%, as its first-quarter profit rose 76%.
» McDonalds's added 3.7%, after it reported a higher-than-expected third-quarter profit.
» Seagate Technology jumped 27.9%, after the company stated that its manufacturing operations were not directly affected by the severe flooding in Thailand.
» Eastman Kodak rallied 6.5%, amid reports that the company was negotiating with various hedge funds for debt finance.
» Ford advanced 4.8%, after Standard & Poor's upgraded its credit rating by two notches to BB+.
» DJIA surged 2.3% to close at 11,808.8. NASDAQ advanced 1.5% to settle at 2,637.5. S&P 500 soared 1.9% to end at 1,238.3.
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 - 24 Oct 11
» Asian markets are trading higher this morning, taking cues from strong gains on Wall Street on Friday. This came as investors welcomed reported progress made by European leaders to resolve the region’s debt crisis, and after China’s preliminary reading of the purchasing managers index showed a rebound in new orders and output.
» In Japan, exporters, Toyota, Honda Motor and Toshiba traded higher after Japan’s exports increased more-than-expected in September.
» Energy stocks, Inpex, Japan Petroleum Exploration and JX Holdings paced gains following a rise in crude oil prices.
» In Hong Kong, banking stocks, Bank of China and Agricultural Bank of China gained values, as global economic worries eased.
» Jiangxi Copper traded higher, following a rise in base metal prices.
» In South Korea, exporters, Kia Motors, Hyundai motor and Samsung Electronics paced higher amid optimism that global demand would recover.
» Nikkei 225 index is trading 1.7% higher, at 8,823.1. Hang Seng index is trading 3.5% higher at 18,656.2, while the Kospi index is trading 2.5% higher, at 1,883.5.
Spread Betting Markets
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'UK Financial Spread Betting Market Higher on Optimism over EU Crisis Plan', Article by ETX Capital, last update: 24-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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