Excerpt from: US Markets
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| May 27, 2010 | | Spread betting and contracts for differences on U.S. markets | U.S. GDP was revised down for Quarter 1, indicating that the economy did not grow as much as originally thought. The news caused a little bit of a hiccup, but not much of one. Other economic data out of the U.S. in the last couple of days have been more encouraging.
Also, general optimism has been sparked by developments overseas. Spain has voted for austerity measures, and there are hopes that countries embroiled in sovereign debt issues can resolve them with help from the European Union and the IMF.
Even with the GDP disappointment, U.S. stocks are still rallying this morning, due to the relief many investors are feeling right now.
| Topic Tags: CFDs, contracts for differences, spread bets, spread betting, stock market, U.S. GDP, U.S. markets | |
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