Daily Spread Betting and Financial Market Round-up
Spread betting opportunities : Financial market update
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Spread betting: financial markets round-up
Monday January 28, 2008
Equities rallied on Wall Street on Monday as expectations of a further cut in interest rates by the Federal Reserve Bank (Fed) took hold in the markets. The major equity indices finished higher on Monday, led by strong gains in large cap stocks in the S&P 500.
The Standard and Poor’s S&P 500 index was up 1.75%, finishing the day at 1353.96 with a gain of 23.35 points. The Dow Jones Industrial Average was not too far behind, adding 176.72 spreadbetting points to close the day at 12383.89, up 1.45% for the day. The Nasdaq Composite index was up 1.02%, adding 23.71 points to finish the session at 2349.91.
The London market was already deeply in the red by the time Wall Street opened. However, the weakness, which was induced by sell-off in Asian markets, tailed off as US markets posted good initial gains.
Falling copper prices in Shanghai left FTSE miners with the wooden spoon for the session, with the likes of Anglo American, Antofagasta and Rio Tinto topping the loser board on the London Stock Exchange. By the time all was done and dusted, the FTSE 100 index was down 1.36%, shedding 80.1 points. The FTSE 250 lost 1.01% and the techMARK index was down 0.73%. The major winners and losers in London are presented below:
FTSE 100 - winners
London Stock Exchange Group [+2.14%]
Johnson Matthey [+1.82%]
Land Securities Group [+1.60%]
FTSE 100 - losers
Taylor Wimpey [-5.22%]
Anglo American [-4.83%]
FTSE 250 - winners
Beazley Group [+4.84%]
Northern Foods [+4.32%]
Wellstream Holdings [+4.20%]
FTSE 250 - losers
JD Wetherspoon [-7.03%]
Southern Cross Healthcare Group [-6.58%]
ARM Holdings [-6.22%]
St James's Place [-5.05%]
Randgold Resources [-4.95%]
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