Excerpt from: European Markets
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| October 02, 2008 | | Spread betting and contracts for differences on European stocks | Spread bets and CFDs on the European stock market should consider that things are looking up, thanks to the banking sector. Financial stocks are recovering on news that the U.S. bailout package is a step closer to passage. Bloomberg reports on what is aiding European stocks:
UBS ``is ending a string of bad news,'' said Henk Potts, a
London-based fund manager at Barclays Stockbrokers, which has
about $45 billion. ``Tough action by the banks in relation to
writedowns and getting help from authorities should start to add
a little bit more confidence. Investors should also take heart
that the U.S. has taken a step in the right direction.'' | Topic Tags: CFDs, contracts for differences, European stock market, European stocks, financial sector, spread bets, spread bets stock market, spread betting, spread betting European stocks | |
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