Spread Betting Market Update - 24th May 2011
Bookmark www.cityindex.co.uk to keep your finger on the pulse of spread betting market news. Here, Chris Nelson-Smith brings you the key spread betting and CFD trading market activity from the floor of City Index on 24th May 2011. Headlines: - The FTSE opened stronger this morning after yesterday's sharp sell-off. - So far, the FTSE is up 25 points at 5860, the DAX is up 16.5 points at 7138, the CAC is up 11 points at 3918 and Dow Jones futures are currently trading up 33 points at 12395. - A rally in commodity prices has led to a stronger night in Asia overnight, providing a little more stability this morning. - The best performers on the FTSE today are miners Antofagasta, Kazakhmys, Fresnillo, BHP Billiton, Eurasian Natural Resources and Rio Tinto. - The worst performers on the other hand are retailer Marks & Spencer, which released full-year results today, as well as banks Lloyds, Barclays and RBS and AB Foods and ITV. - Great Portland Estates is scheduled to release full-year profit results today. - Unconditional trading in Glencore Commodity Trader's stock begins today. - In economic data, UK public finances will be released at 9.30am today, along with public sector net borrowing. In the US, keep an eye out for the release of new home sales, out at 3pm UK time. Visit www.cityindex.co.uk for more spread betting insights and information from City Index.