Excerpt from: European Markets
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| September 07, 2010 | | Spread betting and contracts for differences on the euro | The euro is falling again in spot forex trading today as yesterday's general optimism fades. Instead of feeling reasonably confident about the global economic recovery, forex traders are once again showing concern about the situation in the euro zone.
Sovereign debt concerns are back at the top of the list of worries about Europe, thanks to some help from an article in the Wall Street Journal, indicating that bank stress tests in Europe were insufficient to truly get an idea of financial system health in the euro zone.
As a result of renewed concerns about sovereign debt in the euro zone, the euro has plunged in spot forex trading. Spread bets and CFDs on the currency market should consider that traders are ready for a safe haven, and that is helping the U.S. dollar right now.
European stocks are also lower, with the CAC 40, IBEX and DAX all down, along with the FTSE 100.
| Topic Tags: CFDs, contracts for differences, euro forex trading, FTSE 100, sovereign debt, spot forex trading, spread bets, spread betting | |
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