» UK markets surged yesterday, extending their previous session gains, after global central banks took coordinated steps to ease funding for European lenders, lifting market sentiment. Furthermore, China’s action to lower bank reserve ratio requirement and upbeat US economic data fuelled the momentum.
» Among mining stocks Antofagasta, the top gainer on the FTSE 100 index, jumped 9.2%, while Rio Tinto, Kazakhmys and Xstrata rose between 6.4% and 6.5%, following a surge in base metal prices.
» Software group, Sage added 5.5%, as its full year profits rose by 8%.
» Among banking stocks, Barclays, Lloyds Banking Group and Royal Bank of Scotland climbed between 6.7% and 7.5%, as global economic concerns eased.
» Royal Dutch Shell and BP rose 3.9% and 5.0%, respectively, as crude oil prices surged.
» Pharmaceuticals, GlaxoSmithKline and Shire gained 2.7% and 4.3%, respectively, as Citigroup initiated coverage on both the stocks with a “Buy” rating.
» FTSE 100 rose 3.2% to 5,505.4. FTSE 250 gained 2.8% to 10,315.3.
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 - 01 Dec 11
» US markets rallied yesterday, extending gains for the third consecutive session, as global central banks' coordinated market intervention to make dollar funding cheaper for European banks and upbeat economic data, boosted spread betting investor sentiment. Markets shrugged off Standard & Poor's credit rating downgrade on 15 large US banks.
» JP Morgan, the top riser on the DJIA index, jumped 8.5%, while Bank of America, Goldman Sachs and Morgan Stanley rallied between 7.3% and 11.1%, as concerns about global economic growth eased.
» United States Steel jumped 15.3%, and emerged as the top gainer on the S&P 500 index.
» AK Steel Holding, Peabody Energy and Alpha Natural Resource gained between 13.4% and 15.2%, after China indicated that it would ease its monetary policy.
» Cisco gained 5.4%, after Deutsche Bank recommended buying the stock.
» DJIA surged 4.2% to 12,045.7. NASDAQ jumped 4.2% to 2,620.3. S&P 500 soared 4.3% to 1,247.0.
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 - 01 Dec 11
» Asian markets are trading sharply higher this morning, taking cues from strong overnight gains on Wall Street. This came after six central banks led by the US Federal Reserve agreed to cut the cost of dollar funding through swap agreements to ease the strain on the Europe’s financial markets, offsetting disappointing Chinese manufacturing data.
» In Japan, Mitsubishi UFJ Financial Group and Nomura Holdings traded higher, tracking a rise in their European and US peers.
» Shippers, Nippon Yusen KK and Mitsui OSK paced higher after a broker upgraded the stocks to “Outperform” from “Neutral”.
» In Hong Kong, Cnooc and Petrochina, paced gains, in line with a rise in crude oil prices.
» In South Korea, Hynix Semiconductor gained value, amid report that the company has plans to invest won 4.0 trillion next year.
» Nikkei 225 index is trading 2.4% higher, at 8,640.7. Hang Seng index is trading 5.9% higher at 19,041.4, while the Kospi index is trading 4.0% higher at 1,921.9.0.
Spread Betting Markets
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'US Spread Betting Markets Higher on Coordinated Central Bank Action', Article by ETX Capital, last update: 1-Dec-11
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