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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.
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Some poor figures reflected in Aprils PMI for the eurozone area

Article By: ,  Financial Analyst
June 6, 2012 10:39 AM

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  • Yesterday, we saw some poor figures reflected in Aprils PMI for the eurozone area, nearing a 3-year low of 46, with Spain and Italy recording 41.2 and 43.5 respectively.
  • There was further pain in Spain as an emergency meeting of G7 leaders yesterday warned of Spain nearing a bailout as yields on 10-year bonds approach 7%, levels which previously triggered bailouts for Ireland and Greece. Whilst no firm decisions were laid out, they ended the conference with a promise that eurozone Leaders would respond “speedily” to further developments in the crisis.
  • We saw some welcome relief with better than expected figures out in the US for Non-Manufacturing PMI coming in at 53.7, which saw the Dow Jones index RISE by 26 points to close the day at 12128.
  • We have seen a positive start to the FTSE 100 today, UP 55 points to 5315.
  • RBS are leading the way after a 10 for 1 consolidation, with a 5% GAIN in respect of the new price level at 208.7 pence.
  • Barclays are UP 5% to 182 pence, with Lloyds UP 4.5% to 26.87.
  • Vodafone have gone Ex-dividend today for 6.47 pence per share, with Vodafone being broadly flat today after accounting for this dividend.
  • The CAC is UP 30 points to 3015, with the DAX UP 65 points at 6035.
  • Figures out today are UK’s construction PMI at 9.30am, and eyes are focused on the ECB this afternoon with interest rate decision, anticipated to be unchanged at 1%, followed by a press conference commencing 1.30pm.

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