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Spread Betting Market News
| Spread betting today: The state of the markets |
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| Written by Sam Coventry |
| Thursday, 28 April 2011 10:40 |
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The morning review from Spread Betting - designed for the spread betting trader. "The FTSE 100 is called to open higher this morning after global markets rallied overnight. This surge higher was on the back of comments from the Federal Reserve stating that the US is set to keep interest rates low for an extended period of time. The Fed sees inflationary pressures as "subdued" for the time being while changing its view of the US recovery to "moderate" growth. UK investors will be assessing a host of company announcements with a continued focus on comments on the outlook of the domestic and global economies," says a morning call from SVS Securities. On the corporate spread betting front we see that: British American Tobacco Interim Management Statement saw organic revenue up 5% at constant rates of exchange for the three months ended 31 March 2011. Volumes from subsidiaries decreased by 2.4% to 164bn while organic volumes fell by 1.8%. Despite industry volumes falling significantly in Spain, Mexico, Australia and Vietnam, the company said that they increased market share in all of these areas. Shipments to Japan were also higher than expected. British Sky Broadcasting Results for the nine months ended 31 March 2011 saw revenue growth of 14% to £4.8bn with adjusted operating profit coming in 24% higher at £790m. EBITDA rose 19% to £1,030m, while EPS was up 30% at 30.5p. This strong result was driven by 51,000 new customers in the period bringing the overall total to 10.1m customers. HD also gained strongly up 47% to 3.7m customers. Standard Life Interim Management Statement saw group assets under administration climb to £198.4bn in the quarter ending 31 March 2011, up from £196.8bn in the December quarter. Long-term savings new business sales rose 25% to £5.8bn, while long-term savings net inflows also rose coming in 29% higher at £1.3bn. Hammerson Interim Management Statement saw the announcement of £308m of acquisitions and planning applications submitted for one of the UK's largest shopping centre developments in Leeds. Occupancy rates as of 31 March 2011 were 96.7%, marginally lower than the December quarter. The company has also agreed to a £500m revolving credit facility. More market updates from Spread Betting to follow. |
Spread Betting Lessons - Cut out the emotion!
Oh, and also a lesson why the Stop Loss is your Friend !
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Spread betting at a glance
- Spread betting is a financial product that allows retail and professional investors access to the widest possible number and types of exchange traded instruments.
- The spread betting company that you trade through is the market maker, the trader does not actually take ownership of any underlying product. Hence, most jurisdictions do not charge stamp duty on any gains.
- The notion that you don't actually own the product ensures spread betting platforms are able to almost instantaneously execute orders on behalf of their client.
- Spread betting is a leverage product, your money is able to realise you impressive gains as your earnings come in multiples of the actual change in the underlying product that you are trading.
- This is of course where spread betting can also go spectacularly wrong. Losses can be huge, therefore we advise those that are spread betting, or are looking to go into spread betting, to enter each trade with a well thought out strategy. This also means setting a pre-determined stop loss so that losses are cut at a manageable level.
- This website is here to offer more insight into this fascinating trading instrument.



