Go to http://www.cityindex.co.uk/spread-betting/ for the latest spread betting information. Here, City Index’s Edward Dewhirst brings you a one minute summary of the financial news activity shaping the spread betting and CFD trading markets on 5th May 2011.
Headlines:
- After a broad sell off, the FTSE was down 1.6% or 98 points, while the Dow Jones was down 0.6% yesterday.
- Markets have recovered slightly this morning, with the FTSE currently up 23 points at 6007, breaking through the psychological level of 6000 again.
- It’s a fairly quiet trading session however, as investors are awaiting a decision from the Bank of England at 12 noon, with no change expected in interest rates.
- The European Central Bank’s rate decision will be announced at 12.45pm and again, no change is expected after the 25-basis-point rise last month.
Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.
