Spread Betting Market Update - 6th May 2011

  • 13 years ago
Visit http://www.cityindex.co.uk/spread-betting/ for the latest spread betting information. Watch the latest EU market news from the floor of City Index with Fiona Cincotta as she brings you the financial news activity surrounding the spread betting and CFD trading markets on 6th May 2011.

Headlines:

- Broad sell off in Asia, Nikkei down 1.5%

- European shares opened lower as investors await US job data this afternoon.

- Continue to see sharp sell-off in commodities which saw oil drop 9.5% yesterday and drop a further 3% this morning

- Mining and Energy stocks down on the back of this

- RBS operating profit of over £1 billion in first quarter

- Unlike Lloyds, RBS have not made provisions for claims to misspelling payment protection insurance (PPI)

- 12:00 Canadian Unemployment Rate

- 13:30 US Non-Farm Payroll

Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.