CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open account
☰
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open account
✖

Markets Stronger after positive Chinese Data

Article By: ,  Financial Analyst
January 17, 2012 12:38 PM

The video cannot be shown at the moment. Please try again later.

  • After the S&P downgraded nine European nations over the weekend, they continued their assault on the European sovereign debt situation with a downgrade of the EFSF.
  • After Chinese GDP data came in better than expected, the focus will be on mining stocks and we have seen this in early trading.
  • Currently we have the FTSE up 45 points at 5702, and across Europe things are also looking rosy, with the DAX up 1.3% and CAC up 1%.
  • Leading the FTSE’s rise this morning is RBS, up 4.5% while the miners are not too far behind after strong Chinese data.
  • IG Group once again posted impressive results, and is trading up 1.4% on the day. On the downside we see Burberry, the biggest faller, down 1.7% after a mixed trading announcement.
  • On the macro front we have inflation numbers at 9.30am and at 1.30pm we have the US Empire State Manufacturing Index.
  • We also have a raft of trading announcements to look out for, with Citigroup and Wells Fargo bound to be of interest after JP Morgan’s results last week showed the tough position which many banking institutions are in at the moment.

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFD and Forex Trading are leveraged products and your capital is at risk. They may not be suitable for everyone. Please ensure you fully understand the risks involved by reading our full risk warning.

City Index is a trading name of StoneX Financial Ltd. Head and Registered Office: 1st Floor, Moor House, 120 London Wall, London, EC2Y 5ET. StoneX Financial Ltd is a company registered in England and Wales, number: 05616586. Authorised and regulated by the Financial Conduct Authority. FCA Register Number: 446717.

City Index is a trademark of StoneX Financial Ltd.

The information on this website is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement.

© City Index 2024