European stocks saw a mixed opening in trading today with the FTSE gaining 0.2% to hit a new five and a half month high, whilst the DAX lost 0.6% and the CAC was flat, as traders paused for breath and watched ongoing developments in the sovereign debt crisis. With talks between private bond holders and...
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The three Commonwealth commodity dollars led the field, striding ahead during the first four days of the week before handing back some of their gains on Friday. There was nothing particularly distinctive about any of the trio: it was just that spread trading investors were stampeding towards the currencies and other investments that would,...
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Basic resource stocks have led UK markets higher today after Chinese economic data came in above expectations, with Chinese retail sales jumping 18.2% and Q4 GDP beating expectations at 8.9%. This data has reassured spread trading markets that even though growth is slowing, it is not at a rate to warrant concern. Furthermore, it has...
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Behind the US dollar and the Japanese yen the NZ dollar was the week’s third-best performer in the forex spread trading market. There was no clear reason for the relative popularity of the Kiwi and its one-cent advance against sterling was less than earth-shattering. Nevertheless, it was the NZ dollar’s second consecutive week in...
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European markets initially had an altogether much more buoyant tone today, however as the afternoon has progressed they have slid back from their intraday highs, as buying interest has slowly melted away. The FTSE 100 has lagged all day despite both the European Central Bank and the Bank of England keeping their respective monetary...
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European markets were distinctly under whelming today as a risk adverse tone was adopted in light of what was a relatively quiet economic calendar day. Germany’s GDP came in as expected showing a 3% increase in 2011. However, the contraction of 0.25% in Q4 on the back of a cooling demand for exports is of...
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