Mixed feelings about China’s manufacturing data has led to a slow start this morning in financial spread trading markets.

Although the official manufacturing figure improved slightly for a second consecutive month, some observers now expect the central bank to hold off any further stimulus for the economy.

At present the spread trading markets need a boost from somewhere.

Weak US data yesterday and Greece’s troubles hitting the headlines once again seems to have prevented the Federal Reserve’s extension of near zero interest rates through to the end of 2014 from having it’s full effects on equities.

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European banks are getting ready to tap into the ECBs Emergency Funding Scheme for a second time, highlighting the strain of the lack of liquidity in the banking sector.

The emergency funding take-up could reach 1tn Euros, and possibly more if the spread trading markets take a turn for the worse.

Merkel can celebrate slightly as 25 out of the 27 EU States have signed up to her stricter fiscal discipline plan yesterday.

However, the debate over Greece is still well under way as Sarkozy rejects the latest Greek budget proposal, although progress has been made according to Lucas Papademos.

Stronger industrial numbers in Japan has boosted the Asian markets last night, giving rise to a higher open in Europe this morning.

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CFDs, Forex and Financial Spread Trading carry a high level of risk to your capital and can result in losses larger than your initial stake/deposit. These forms of trading may not be suitable for everyone so please ensure you fully understand the risks involved. Where necessary, seek independent financial advice.

This BillionforGovernor.com is only intended for those persons of 18 years of age or older.

Yet further European worries have hit investor sentiment with shares lower across the board this morning.

No Greek restructuring deal has reduced spread trading investors’ optimism, acting as one of the main catalysts for today’s sell off.

Asian markets put out a downbeat performance last night after returning from the Chinese new year with investors showing disappointment that the Chinese authorities have not carried out their monetary easing in the manner in which some people had expected.

European leaders are meeting in Brussels today to discuss Greece in further detail. Let’s hope some agreement is made so at least some form of certainty can take hold.

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CFDs, Forex and Financial Spread Trading carry a high level of risk to your capital and can result in losses larger than your initial stake/deposit. These forms of trading may not be suitable for everyone so please ensure you fully understand the risks involved. Where necessary, seek independent financial advice.

This BillionforGovernor.com is only intended for those persons of 18 years of age or older.

Optimism fails to recede from markets once again this morning, with European risk assets buoyed by investors’ belief that the US Fed stands ready to print should macroeconomic headwinds require.

This synthetic cornering of cash into higher-yielding assets by governmental institutions tends to attract much criticism, as the use of leverage by participants in search of a greater return can potentially create again those asset bubbles that require government support when burst.

But if the spread trading markets back the Fed, and capital not yet employed participates, then the start to this year seen so far might be just the beginning and become viewed as cheap in hindsight.

Gold continued in strength last night, trading higher than $1,710 per oz., and light crude toyed with $100 per barrel once again, with the dollar falling in sympathy.

Eyes will turn to US core durable goods orders and unemployment claims due for release at 13.30 GMT, and new home sales at 15.00.

Article by Spreadex.

CFDs, Forex and Financial Spread Trading carry a high level of risk to your capital and can result in losses larger than your initial stake/deposit. These forms of trading may not be suitable for everyone so please ensure you fully understand the risks involved. Where necessary, seek independent financial advice.

This BillionforGovernor.com is only intended for those persons of 18 years of age or older.

The success of yesterday’s European debt sales have at least for now kept most of current cash on the table, helping to support major indices test five-month highs in spite of a somewhat malfunctioning fiscal policies.

Spread trading investors can become increasingly self-conscious though, turning to only potentially significant negative news flows as enough of a reason to unwind cash. This comes in light of the past year where even hedge funds have struggled to beat inflation, let alone the market.

This week has been both steady and positive, lending credibility to the so-called January effect – a month where securities such as stocks experience patterns of stable buying.

But better practice is to illustrate successful bond auctions and positive US economic data and earnings to understand this hopeful start to the year.

Happily, better than expected earnings from mega-caps Bank of America and Morgan Stanley yesterday were overcast by an improvement to overall jobless claims not seen since four years ago.

At least the extent to which potential headwinds could damage markets this year are not too dissimilar from last, hopefully both policy makers and markets will be more experienced and capable this time around.

Article by Spreadex.

CFDs, Forex and Financial Spread Trading carry a high level of risk to your capital and can result in losses larger than your initial stake/deposit. These forms of trading may not be suitable for everyone so please ensure you fully understand the risks involved. Where necessary, seek independent financial advice.

This BillionforGovernor.com is only intended for those persons of 18 years of age or older.

Today’s gains have been driven by very selective memory, which probably isn’t the most logical approach to trading.

There’s no doubt that the NY Fed Manufacturing Index gains were impressive, the flood of buyers keep citing that as a great reason to get involved.

Meanwhile, a blind eye is being turned to Citigroup’s poor results and the new 2 year low on Chinese productivity, both of which will arguably have a much wider-reaching impact.

The DJIA is currently +123 at 12544 and FTSE 100 +25 at 5682.

Article by Spreadex.

CFDs, Forex and Financial Spread Trading carry a high level of risk to your capital and can result in losses larger than your initial stake/deposit. These forms of trading may not be suitable for everyone so please ensure you fully understand the risks involved. Where necessary, seek independent financial advice.

This BillionforGovernor.com is only intended for those persons of 18 years of age or older.