Excerpt from: Stock Indices CFDs and Spread Bets
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| July 24, 2007 | | Spread betting on British stocks | Spread bets and CFDs on the FTSE 100 stock index should consider that earnings are looking bleak in Britain. Continued interest rate hikes, along with weather that is causing flooding, are expected to cut into earnings. Bloomberg reports on how retailers are likely to continue to bring the FTSE 100 stock index down:
The earnings news ``isn't helping U.K. retailers and the
rainy weather is going to negatively affect sales,'' said Kevin
Lyne-Smith, who helps oversee $100 billion as managing director
at Julius Baer Holding AG's private-banking division. | | |
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