Excerpt from: US Markets
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| May 28, 2010 | | Spread betting and contracts for differences on U.S. markets | Economic data for April continues to roll in from the U.S. The latest numbers show that personal income rose in April. This was expected. What wasn't expected, though, was the news that personal spending remained the same.
The news, though, hasn't had much effect on the markets. The U.S. dollar remains rangebound against the Japanese yen, and the euro and the pound are both slightly lower against the U.S. dollar in forex trading.
The U.S. stock market is lower, but that is more due to other factors rather than too much to do with U.S. economic data. The latest news comes on the heels of yesterday's downwardly revised GDP reading.
| Topic Tags: contracts for differences, forex trading, personal income, spread betting, stock market, U.S. dollar, U.S. markets | |
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