Excerpt from: Spread Betting European Stocks
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| June 06, 2007 | | European stocks down on interest rate hike | The European Central Bank made an expected interest rate hike today that has sent European stocks down on the stock market. Spread betting and contracts for differences should consider shorting European stocks for now, considering the immediate impact of the rate hike on stocks. Bloomberg reports on the European stock market:
Mounting concern that borrowing costs will rise in Europe
and the U.S. halted a rally that sent the Dow Jones Stoxx 600
Index to within 6 points of a record. ...
``We are in a period of rising interest rates and that
obviously has an impact on the market,'' said Andrea Williams, a
fund manager at Royal London Asset Management, where she helps
manage about $2 billion.
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