Excerpt from: Spread Betting North American Financial Markets
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| September 04, 2008 | | Spread betting and contracts for differences on U.S. stocks | Spread bets and CFDs on the U.S. stock market should take into consideration that things are looking somewhat grim right now. Between retailers' earnings expectations and labor market news, confidence in the U.S. economy is once again waning.
Another issue affection the U.S. stock market is a looming Boeing strike. The machinists union is still unhappy with what the company is offering, and are threatening a strike if their demands are met.
Bloomberg reports on pessimism about the U.S. economy and the stock market:
``If you look at the data we have on the U.S. and global
economy, things are only getting worse and that leads me to
believe that demand is going to slow down and slow down pretty
quickly,'' Diane Garnick, a New York-based investment strategist
at Invesco Ltd., which manages more than $500 billion, told
Bloomberg Radio. | | |
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