Daily Spread Betting and Financial Market Round-up
Spread betting opportunities : Financial market update
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Spread betting: financial markets round-upWednesday January 30, 2008
It was a case of ‘buy the rumour and sell the news’ on trading floors across Wall Street as initial bullish enthusiasm following the announcement of the widely expected cut in US interest rates met with immense selling pressure forcing prices lower from the sharply higher levels seen immediately after the announcement.
The Standard and Poor’s 500 index led the market lower as the selling began. Having traded as high as 1385.86 earlier in the session, the S&P 500 index ended down 0.48%, losing 6.49 points to close the session at 1355.81.
The Dow Jones Industrial Average closed down 37.47 spread betting points, off 0.37% for the session to close at 12442.83. This was despite sharp early gains. Overall, the Dow ended over 201 spread-betting points lower than the intraday peak.The Nasdaq Composite index finished 9.06 points lower (down 0.38%). The index closed the day at 2349.
The major UK indices also tracked the US indices lower, extending loses seen earlier in the day. By its close, the FTSE 100 was down 47.9 points (0.81%). Other key indices on the London Stock Exchange fared relatively better, with the techMARK down 0.12% at 1,443.75 and the FTSE 250 bucking the trend with a gain of 0.03% to finish at 9,908.50.
FTSE 100 - winners
Experian Group [+5.75%]
Enterprise Inns [+4.35%]
TUI Travel [+3.33%]
Rio Tinto [+3.19%]
Smith & Nephew [+2.75%]
FTSE 100 - losers
Home Retail Group [-4.55%]
Friends Provident [-4.37%]
Alliance & Leicester [-4.00%]
FTSE 250 - winners
Mitchells & Butlers [+17.96%]
Aquarius Platinum [+8.04%]
International Ferro Metals [+6.71%]
PV Crystalox Solar [+6.02%]
FTSE 250 - losers
PartyGaming (PRTY) [-8.77%]
Daejan Holdings [-5.83%]
New Star Asset Management Group [-4.73%]
Southern Cross Healthcare Group [-3.77%]
Morgan Sindall [-3.73%]
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