Spreadex Market Update
FTSE 17 points higher at 13:00 amid Cypriot bailout negotiations
Banks fell by as much as 1.2 percent in morning trade, led by those with significant exposure to the euro zone, such as Royal Bank of Scotland and Lloyds. But they staged a partial recovery to trade down just 0.2 percent after news of the Greek deal.
Bearing in mind that Cyprus has been set a deadline of Monday to raise the billions of euros required to secure a bailout, traders are hesitant to pile into any rally seen. However, After the week the markets have endured, the fact that the bears have not dominated the market showcases the resilience seen recently.
Britain’s wholesale gas prices have surged to a record high today after one of its main gas import pipelines shut down unexpectedly once again displaying its vulnerability to foreign supplies. After prices have already been hiked following a harsh winter and the closure of coal power plants, many families are struggling to cope. Gas prices for within-day delivery spiked at 150 pence per therm, more than 50 percent above Thursday's closing price.
It's easy to open an account
- Fill in our simple online application form
- Fund your account
- Start trading the global markets instantly!
SEARCH FOR AN ARTICLE:
Enter a keyword and search for all relevant articlesMARKET ANALYSIS
RECENT POSTS
DISCLAIMER
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. For professional clients, spread betting and CFD trading can also result in losses larger than your initial stake or deposit.
Spreadex Ltd is authorised and regulated by the Financial Conduct Authority, provides an execution only service and does not provide advice in any way. Nothing within this update should be deemed to constitute the provision of investment advice, recommendations, any other professional advice in any way, or a record of our trading prices. This update does not constitute or form part of an offer of, or solicitation for a transaction in any financial instrument, nor shall it or the fact of its distribution form the basis of, or be relied on in connection with, any contract therefore. Any persons placing trades based on their interpretation of the comments or information within this update does so entirely at their own risk.
No representation, warranty, or undertaking, express or limited, is given as to the accuracy or completeness of the information or opinions contained within this update by Spreadex Ltd or any of its employees and no liability is accepted by such persons for the accuracy or completeness of any such information or opinions. As such, no reliance may be placed for any purpose on the information and opinions contained within this update.
The information contained within this update is the intellectual property of Spreadex Ltd and is protected by UK and International copyright laws. All rights reserved. Users may however freely download, distribute and reproduce extracts of the contents, subject always to accrediting Spreadex Ltd as the source and providing a hyperlink to www.spreadex.com.
