Archive for August, 2011

After starting the day in positive territory European indices spread trading markets have plummeted with miners and banks dragging markets lower. Italian markets have been the biggest fallers, down over 500 points on the day. Rio Tinto has led the mining sector lower after announcing a 35% rise in first half profits, which fell short...
Read more »

After a poor start to last week the GBP/EUR spread trading market rebounded on Tuesday morning and spent the next two days on the way up. It ran out of steam on Thursday afternoon and went nowhere on Friday. Having covered a two-cent range, the pound opened in London Monday morning half a cent higher...
Read more »

European markets have retained their weak tone today, putting to one side the final debt ceiling vote in the US which is expected to pass later today, as fears about Spain and Italy continue to weigh on sentiment. Recent economic data has continued to exhibit worrying weakness, while uncertainty in Spain and Italy has...
Read more »

The relief rally, triggered by an agreement between US Democrats and Republicans to raise the debt ceiling, was short lived today with traders proving extremely quick to cash in their gains after US ISM data badly disappointed the markets in the afternoon session, posing more questions about the strength of the US economic recovery. US...
Read more »