Daily Spread Betting and Financial Market Round-up
Financial markets round-upMonday December 3, 2007
Spread betting opportunities : Financial market update
Wall Street entered the last month of the year on a bearish note, with the major equity indices turning lower from the opening bell as the markets look forward to the interest rate decision by the Federal Reserve Bank (FED). The Dow Jones Industrial Average was the relative best performer of the major US equity indices. Nevertheless, it shed 57.15 points to close at 13314.57 (down 0.43%). The S&P500 was 0.59% lower for the day, closing at 1472.42 - a move of 8.72 points lower. Finally, the Nasdaq Composite Index, the worst performer for the day, was down by 0.9% (23.83 points) to end the trading session at 2637.13. In London, Blue chip stocks ended Monday firmly in the red, led lower by stocks in the banking and mining sector. No guesses for the worst performer of the day - Northern Rock once again carried the wooden spoon, with the shares down over 7% on the day as concerns spread that the proposed Virgin bid may not go through. Rio Tinto was the worst-hit mining stock, down 3.49%. At the close, the Footsie was down 45.9 points (0.71%), to close at 6386.6. Elsewhere on the London Stock Exchange, the techMARK index ended at 1,515.92, down 0.64%; and the FTSE 250 closed at 10,560.00, losing 1.76% for the session. FTSE 100 - winnersKingfisher [+3.94%] Home Retail Group [+3.17%] Morrison (Wm) Supermarkets [+2.11%] Tesco [+1.83%] BAE Systems [+1.68%] FTSE 100 - losersNorthern Rock [-7.63%] Mitchells & Butlers [-5.29%] Enterprise Inns [-4.70%] Rio Tinto [-3.49%] Royal & Sun Alliance Insurance Group [-3.10%] FTSE 250 - winnersRank Group [+8.71%] SThree [+7.15%] PV Crystalox Solar [+6.19%] Debenhams [+5.75%] COLT Telecom Group S.A. [+4.39%] FTSE 250 - losers Morgan Crucible [-23.42%] Restaurant Group [-11.81%] Severfield-Rowen [-8.40%] eaga (EAGA) [-7.71%] Benfield Group [-7.40%] Return to spread betting
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