Visit http://www.cityindex.co.uk/spread-betting/ to learn more about spread betting on the financial markets. Here, City Index’s Ben Cooper brings you the insights and news activity shaping spread betting and CFD trading at the midway point of the week beginning 11th April 2011.
Headlines:
-The FTSE 100 started the week at 6055, closing down two points at 6053 on Monday. Barclays and RBS were the top gainers of the day. Also on Monday, the Independent Commission on Banking (ICB) delivered its report.
- On Tuesday the FTSE closed down 89 points at 5964. Miners led the sell off with Fresnillo, Antofagasta and Kazakhmys slumping around 5% each. The UK CPI report, released on Tuesday, showed CPI coming in lower than expected at 4%.
- On Wednesday, the FTSE 100 is up 40 points to 6004 so far at 10am (London time). Rio Tinto announced results today and Arm Holdings has posted strong gains so far today.
- The first quarter earnings season continues in the US, with JP Morgan, Google and Bank of America announcing results on Thursday and Friday. Also keep an eye out for US PPI and CPI figures later on in the week.
For a comprehensive schedule for the rest of the week, see the City Index economic calendar at http://www.cityindex.co.uk/market-analysis/economic-calendar.aspx Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.
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