Equity markets lower on Egyptian crisis – Spread Betting Update from City Index
Sean Power, trading expert and Equity Analyst at spread betting provider City Index (http://www.cityindex.co.uk/), takes a look at the financial headlines shaping trader activity on 31st January:
"Equity markets around the world started the week lower amid concerns over the ongoing civil unrest in Egypt. Anti-government protests, as they enter their seventh day, have shaken equity markets around the globe and have once again highlighted the fragility of economic confidence. The recent turmoil seen on the streets of Cairo has given investors a welcome opportunity to take money off the table and fuelling a pull-back on most major indices around the globe.
At 9:00 GMT the FTSE was trading at 5822 (-58 points), the DAX at 7040 (-61 points) and the CAC40 at 3957 (-44 points). US futures were also lower, trading at 11735 (-40 points).
UK equity markets were dragged lower by the heavily weighted Mining and Financial sectors, accounting for -11 and -13 points respectively of this morning's move.
Standard Chartered was trading -19p at 1607, with HSBC -2.3p at 682.5p, both of whom are seen by investors as having more global exposure than the likes of RBS and Lloyds; therefore giving investors reasons to bank, (excuse the pun), any profits whilst the problems in Egypt continue. A HSBC spokesman said their exposure to Egypt was "fairly small" whilst Standard Chartered confirmed theirs was "absolutely minimal."
Rio Tinto was trading -55p at 4227p, Anglo American -31p at 2999p, with Fresnillo the biggest loser in the sector trading down to a low of 1278p (or -2.9%). The sector seemingly still feeling the pain of being downgraded late last week by analysts at RBS to ‘neutral' from ‘overweight.'
The positive start to the year has hit a stumbling block in tensions rising from Tunisia, and more recently Egypt, and investors will need reassurance before money will be returned to the market with any great confidence. One may expect either quiet sessions or intra-day sell offs until these issues are resolved or subside. With little ‘market moving data' out on the macroeconomic front today, only US PPI at 13:30 GMT, investors should stay alert to any advances or escalations to the current situations in Egypt and the Middle East."
Keep up with spread betting market movements wherever you are with City Index mobile trading, now available on iPhone, BlackBerry, Java, Windows 7 and Android. Find out more and download the app for your mobile at http://www.cityindex.co.uk/trading-platform/.
Questions and Answers
Which financial headlines are shaping trading on 11th February? Sean Power of spread betting and CFD trading provider City Index discusses news activity including a nervy opening to the day in the equity markets.
Giles Watts, Head of Equities at spread betting provider City Index, takes a look at the financial activity shaping the markets on 15th April 2011. Headlines include investors remaining cautious as equity markets traded marginally better and hedge fund manager Man Group posting 3 percent gains.
Joshua Raymond of City Index, shares his spread betting and CFDs insights for 21st March.
Joshua Raymond of City Index, shares his spread betting and CFD trading insights for 16th March.
Joshua Raymond of City Index, shares his spread betting and CFD trading insights for 15th March.
In his daily EU market update for 17th February, Equity Analyst Sean Power of and CFD trading provider City Indextakes a look at the day's market activity, including a second day of upward momentum for the UK equity market.
The growing Indian market is attracting investors on the ground of the promising and assured return. The online trading is very popular these days and most of the people prefer it for quick money.
Learn the fundamentals of committing cash in Stocks, Ties, Common resources, Merchandise, Actual estate We create Getting Inventory Industry straightforward for you with a comprehensive guide to committing. Any effective stock market buyer must be acquainted with the fundamentals of stock market committing.
Online share trading is one of the most popular financial markets in the world today; however, any people are hesitant in starting due to not knowing a lot about it. This article will help explain what online share trading is all about, how you can get involved for a low initial investment and what to consider before, during and after trading.
The stock market is mostly used to create money. . I am sharing my investment strategy as a retail investor. Most financial experts recommend investors to initially contact a financial advisor. Able to provide advice, it can ensure that the money an investor get a good return or not.
This article has discussed about the importance of Stop orders. Stop orders act like the life jackets
Spread betting provider City Index takes a look at the financial activity shaping the markets on 24th October 2011.
Joshua Raymond, Chief Market Strategist, at City Index, provides insight into the market activity that shaped spread betting and CFD trading on 10th October 2011.
Prices for oil futures advanced a further 0.6 per cent today (June 1st), after gaining 2.1 per cent yesterday, it has been reported, say spread betting provider City Index (http://www.cityindex.co.uk/).
European stock indices treaded water on Wednesday after yesterday's strong gains as traders eyed the Greece situation and the beginning of an intense few days of economic data releases, according to spread betting provider City Index (http://www.cityindexc.co.uk/).
Joshua Raymond is Market Strategist at spread betting provider City Index. This is his daily report of the EU market activity for 27th May, including news of banks driving the FTSE 100 on Basel III speculation.
