Excerpt from: Spread Betting North American Financial Markets
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| September 04, 2007 | | Spread bets and CFDs on the U.S. stock market | Spread betting on American markets should carefully consider this morning as they are soft as traders await data later this week. Spread bets and CFDs should look at the fundamentals, and wait for economic data before formulating a spread betting strategy for American markets. Reuters reports on the equity markets:
"Equity markets will be watched carefully. They are a bit
softer so far today and this is challenging risk appetite and
leading the carry trade to unwind, supporting the yen," said Ian
Stannard, currency strategist at BNP Paribas. Traders said the market remained wary of taking risky
positions before reports on U.S. factory activity later in the
day, a monthly payrolls report on Friday and central bank
interest rate decisions later this week. | | |
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