Excerpt from: US Markets
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| January 29, 2010 | | Spread bets and CFDs on U.S. Markets | Yesterday, the U.S. markets quickly got over President Barack Obama's positive State of the Union Address to consider more pressing matters. Today, though, investors are feeling relief. The GDP numbers for Quarter 4 in 2009 are in, and it looks like the U.S. economy posted its biggest gain in six years.
As a result, U.S. markets are surging. Spread betting and contracts for differences should consider that stocks are up, along with the U.S. dollar. Apparently, eloquence can't compete with hard economic data.
All that remains to be seen is whether the U.S. economy can keep on course, and whether Obama's jobs plan can help prevent a "jobless recovery."
| Topic Tags: Barack Obama, CFDs, contracts for differences, spread bets, spread betting, U.S. GDP, U.S. markets | |
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