Excerpt from: Spread Betting European Stocks
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| August 22, 2007 | | Spread betting and contracts for differences on world stocks | Spread bets and CFDs on the German DAX Index should consider favouring as a correction is underway. Bloomberg reports on the state of the German DAX Index today:
``That the Fed will cut interest rates is almost common
sense in the market,'' said Wolfgang Matejka, who oversees $3.3
billion as chief investment officer at Vienna-based Meinl Bank
AG. ``We've seen most of the correction already. There's no
reason for more panic selling.''
Panic selling has largely stopped in the stock market on a global scale, leading to some perspective and a general change in sentiment.
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