Excerpt from: Stock & Indices
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| September 02, 2010 | | Spread betting and contracts for differences on European stocks | After yesterday's rather spectacular rally, European stocks are a little bit lower today. Spread bets and CFDs on the European stock market should consider that some of the enthusiasm has dampened by now, even with expectations that liquidity measures from the ECB are expected to remain in place at least through the end of the year.
Some companies came in with lower than expected yearly earnings, while others saw trouble with share downgrades. Another consideration is that profit takers are undoubtedly at work right now, selling some positions to make a quick profit.
European stocks are not down by a great deal, though. The Stoxx 600 has been swinging between gains and losses, and the CAC 40 is actually a little higher right now. The DAX and the IBEX are lower, though, joined by a slightly lower FTSE 100.
| Topic Tags: CFDs, contracts for differences, ECB, European stocks, FTSE 100, spread bets, spread betting | |
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