Excerpt from: Stock & Indices
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| July 20, 2010 | | Spread betting and contracts for differences on the stock market | U.S. stock futures are pointing to a lower open today, following yesterday's modest gains. Optimism from yesterday has evaporated in the news that housing starts are quite weak, Goldman earnings are disappointing, and other earnings turn out to be lackluster.
In Europe, stocks are also lower. Spread bets and CFDs on European stocks should consider that news out of the U.S. is also affecting Europe, since there are concerns that the U.S. could enter a double dip recession -- and take the rest of the developed world with it. Another issue in Europe is the continued concerns about sovereign debt.
The FTSE 100 is lower as well today. With the pessimism in the U.S. and on the Continent, it really isn't a surprise. Also not helping matters is the fact that the deficit in Britain has turned out worse than recently expected.
| Topic Tags: CFDs, contracts for differences, FTSE 100, sovereign debt, spread bets, spread betting, stcok market | |
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