Excerpt from: European Markets
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| July 29, 2010 | | Spread bets and CFDs on European markets | European markets are heading higher today as economic data continues to show growth. Indeed, spread betting and contracts for differences on European stocks should consider the help they are getting from improved data -- a difference underscored by the sluggish U.S. economic growth reported in the Beige Book.
BusinessWeek offers a look at the support European markets are receiving right now, thanks to economic data:
“Earnings releases have been positive and
underscore the health of the corporate sector,” Jeffrey Palma, a global
equity strategist at UBS AG in Stamford, Connecticut wrote in a report.
“Macro data have been mixed, but have surprised consistently to the
upside in Europe. On balance we see a sustained growth recovery.”
European stock markets have headed higher, and the FTSE 100 is gaining as well.
| Topic Tags: Beige Book, CFDs, contracts for differences, European markets, FTSE 100, spread bets, spread betting | |
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