Excerpt from: Individual Equities CFDs and Spread Bets
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| March 10, 2009 | | Spread bets and CFDs on individual equities | Spread betting and contracts for differences on the stock market should consider that US stock futures are headed higher this morning. One of the main factors is optimism with regard to Citi.
Even though the US government is expected to take a stake in Citi, there is some hopefulness ahead. Citi showed a profit in the first months of 2009, and that is a sign that things may be turning around as the writedowns slow in pace.
As a result, US stock futures are higher, pointing to a possible positive open, reports Reuters:
"We are looking at a nice open, if things stay the way they are," said
Peter Cardillo, chief market economist at Avalon Partners in New York.
"There's a little bit of a break in the negative rhetoric that we've
been having out of Washington."
Now all that remains to be seen is whether or not the spirit of optimism can be maintained on the US stock market.
| Topic Tags: CFDs, Citi, contracts for differences, spread bets, spread bets individual equities, spread betting, spread betting stock market, stock futures, US stock futures | |
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