Excerpt from: US Markets
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| November 24, 2009 | | Spread bets and CFDs on U.S. markets | Spread betting and contracts for differences should consider that the revised numbers for GDP show that the economy didn't expand as much as originally thought. Originally, figures showed that the U.S. GDP expanded 3.5% in the third quarter. However, the release of the revised numbers shows an expansion of 2.8%.
Even with that revised number, though, it appears that growth was the strongest it's been in two years. And, even though the economy did not grow as much as thought, corporate profits picked up, growing at a rate of 10.6%.
So, even though lay-offs are cutting into consumer spending and making it difficult in terms of housing market recovery, companies are benefiting from the move. The cost-cutting that comes with lay-offs has resulted in higher profit margins.
| Topic Tags: CFDs, contracts for differences, economy, GDP growth, spread bets, spread betting, U.S. markets | |
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