|  | Spread Betting European Stocks | Financial Contracts for Differences | |
Following the spread bet market in European stocks | |
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| | September 03, 2008 | | Spread betting and contracts for differences on the European stock market | Spread bets and CFDs on European stocks should consider that they are dropping right now. The main culprit is optimism over the economy. There are worries amongst investors that the slowing eurozone economy will cut into company earnings.
Especially hard hit, as one may imagine, is the banking sector. There are worries that, despite the latest news on Lehman, most banks are still going to have trouble raising capital and profits. Bloomberg reports on issues for the European stock market in the banking sector:
``There are maybe some more capital increases to come'' for
financial firms, said Philippe Gijsels, Brussels-based senior
equity strategist at Fortis Global Markets with $62 billion under
management. ``To invest in the sector for the longer term I think
is too early,'' he said in a Bloomberg Television interview. | | |
| | August 29, 2008 | | Spread bets and CFDs on the European stock market | Spread betting and contracts for differences on European stocks should consider that there is some optimism on the Continent today. The European stock market is performing reasonably well, thanks to earnings.
Bloomberg reports on the good news for the European stock market:
``The market is definitely performing better after the
earnings reports,'' said Philippe Gijsels, Brussels-based senior
equity strategist at Fortis Global Markets with $62 billion
under management. ``Outside the financials, they continue to be
fairly good which lends some support to the market.'' | | |
| | August 27, 2008 | | Spread betting and contracts for differences on European stocks | Spread bets and CFDs on the European stock market should consider that losses are being pared right now, thanks to the lead of the U.S. stock market.
European stocks had been faltering on economic worries, but the U.S. durable goods data just released has injected some confidence into the stock market.
This chain of events shows, rather well, the interconnectedness of world financial markets today.
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| | August 25, 2008 | | Spread bets and CFDs on the European stock market | Spread betting and contracts for differences on European stocks should consider that they are struggling today. Banks, especially, are hard hit as news of the continued credit market struggles is the order of the day.
Bloomberg reports on the issues facing the European stock market:
``We still have severe writedowns and as markets undergo a
squeeze, banks will face even bigger problems in trying to sell
assets,'' said Madrid-based Cesar Martinez, a fund manager at
Gesmadrid, which has about $18 billion. ``We still see much
volatility, a very complicated macroeconomic picture and further
downgrades to earnings estimates.'' | | |
| | August 21, 2008 | | Spread betting and contracts for differences on European stocks | Spread bets and CFDs on the German DAX Index should consider that it has moved into clearly bearish territory. After showing signs of life earlier (especially with help from Lufthansa and Bayerische Moteren Werke), the bear market has returned with a vengeanance.
One of the main culprits is rebounding oil prices. As oil prices head higher again, airlines and car makers are finding that they are still, in fact, sensitive to fuel costs.
Earnings are expected to disappoint, and this is affecting the German DAX Index. Bloomberg reports on the index:
``It looks as if the bear-market rally has been shelved,''
Richard Zellmann, director of sales and research at First Private
Investment in Frankfurt, said in a Bloomberg Television
interview. ``News are still downright negative and the trend is
clearly bearish.'' | | |
| | August 20, 2008 | | Spread betting and contracts for diffrences on the European stock market | Spread bets and CFDs on European stocks should consider that they are declining today. After making some gains earlier today, the European stock market is retreating as oil futures rise.
Even though the US stock market is little affected by the gains in oil prices, European stocks are showing weakness. The higher oil prices could cut into profits, and investors are worried about earnings.
Additionally, the news that the German economy continues to struggle is not helping things.
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| | August 14, 2008 | | Spread betting and contracts for differences on the European stock market | Spread bets and CFDs on European stocks should consider that they are falling right now. After posting some initial gains today, the European stock market has erased its progress and started to move into the red.
The main culprits of the turnaround for European stocks include:
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| | August 12, 2008 | | Spread betting and contracts for differences on European stocks | Spread bets and CFDs on the European stock market should consider that there is turmoil right now. As global commodities drop, companies that make money off of them are falling as well.
Companies like BHP Billiton Ltd. (the largest mining company in the world) are feeling the pinch from declining copper and platinum prices.
Additionally, financial sector stocks are bringing the European stock market lower.
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| | August 11, 2008 | | Spread betting and contracts for differences on European stocks | Spread bets and CFDs on the European stock market should consider that the US dollar is helping matters. With the US dollar gaining strength in forex trading, there are hopes that exports will pick up, helping European companies.
Additionally, last week's drop in oil prices is also helping European stocks. Bloomberg reports on the European stock market:
``The dollar's gain is positive for companies that export,
and the drop in oil is good for those that are big oil users,''
said Chicuong Dang, an analyst at Richelieu Finance in Paris,
which has $6.2 billion under management. ``These elements are
lifting the market today.'' | | |
| | August 07, 2008 | | Spread betting and contracts for differences on European stocks | Spread bets on the European stock market should consider that individual equities are mixed right now. However, some stock indices are making gains. The German DAX index is up overall, as is the French CAC 40 Index.
Bloomberg reports on some of the individual equities on the CAC 40 Index:
Axa SA (CS FP) jumped 1.04 euros, or 5.1 percent, to 21.42
euros, a third straight increase. Europe's second-biggest
insurer said first-half profit declined 32 percent to 2.16
billion euros ($3.3 billion) after falling stock markets curbed
sales of savings plans and the company took writedowns on
investments. Earnings exceeded the 1.93 billion-euro estimate of
11 analysts surveyed by Bloomberg News.
Bonduelle SA (BON FP) fell 2.85 euros, or 4.5 percent, to
60, snapping a four-day sequence of gains. The canned-food
producer reported an 8.3 percent increase in fourth-quarter
sales, missing analysts' estimates on a slowdown in consumer
spending and a fire that slowed production of pre-packaged fresh
salads in Italy.
Bourbon SA (GBB FP) climbed 1.16 euros, or 3.1 percent, to
38.75 euros, its third advance in four sessions. The owner of
the world's biggest fleet of supply ships for deep-water oil
exploration said second-quarter revenue rose 13 percent to 222
million euros after demand for offshore services compensated for
the weaker dollar.
Dexia SA (DX FP) slumped 1.01 euros, or 10 percent, to 9
euros, making it the day's biggest decliner in the CAC 40 index.
The world's largest lender to local governments plans to add
$300 million to its U.S. bond insurance unit and stop selling
coverage for asset-backed debt after the division posted a
second-quarter loss.
Le Public Systeme SA (PUS FP) surged 67 cents, or 7.7
percent, to 9.34 euros, its biggest increase since November
2007. The public relations company said first-half revenue rose
19 percent to 60.9 million euros. Profit before tax jumped 25
percent to 19.3 million euros for the same period.
Teleperformance SA (RCF FP) slumped 1.80 euros, or 7.1
percent, to 23.27 euros, its biggest decline for more than five
years. The call-center company that operates in 45 countries
said the economy is ``challenging'' and its second-half
visibility is ``limited.'' | | |
| | August 05, 2008 | | Spread betting and contracts for differences on European stocks | Spread bets and CFDs on the European stock market should consider that things appear to be turning around. Lower oil prices and decent earnings are helping European stocks.
Additionally, the European stock market often follows the lead of the US stock market, which is rallying today. Bloomberg reports on the success of European stocks:
The earnings reporting season ``hasn't been as disastrous
as people had thought,'' said James Buckley, a London-based
director at Baring Asset Management, which oversees about $48
billion. ``We have seen a sharp decline in energy prices and
commodities prices, which is also supporting the broader equity
market.'' | | |
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| | | Monthly Archives |  | September, 2008 | | August, 2008 | | July, 2008 | | June, 2008 | | May, 2008 | | April, 2008 | | March, 2008 | | February, 2008 | | January, 2008 | | December, 2007 | | November, 2007 | | October, 2007 | | September, 2007 | | August, 2007 | | July, 2007 | | June, 2007 | | May, 2007 | | April, 2007 | | March, 2007 | | February, 2007 | | January, 2007 | | December, 2006 | | November, 2006 | | October, 2006 | | September, 2006 | | August, 2006 | | July, 2006 |
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