Excerpt from: US Markets
|
 |
| June 16, 2009 | | Spread bets and CFDs on U.S. markets | Spread betting and contracts for differences on U.S. markets should consider what the news of higher housing starts is likely to do in terms of the stock market and forex trading.
The news is that in May, housing starts jumped higher, coming off the record lows seen in April. The construction was mostly in the area of multifamily dwellings, indicating that a demand for more housing is on the rise. Building permits and single family housing starts were also on the rise.
On the year, housing starts are down. However, the fact that May starts showed improvement may be solid evidence that the U.S. economy may be on the road to recovery.
| Topic Tags: CFDs, contracts for differences, economic recovery, forex trading, housing starts, spread bets, spread betting, spread betting markets, U.S. markets | |
|
|
