Financial Trading

Relatively subdued overnight trading from Asia saw the MSCI Asia index close up 0.48% where Chinese and Hong Kong exchanges were closed.

A positive outlook remains this morning, as European equities trade marginally higher and debt markets continue to improve ahead of what the spread trading market so far believes as a positive outcome from on-going talks between finance ministers.

Focus today turns to Apple – the firm thrashed the Street’s expected $10.07 earnings per share by 30% – which continues to trade near to nominal all-time highs, and hold more cash than the US treasury.

The results illustrate the unprecedented demand by consumers for iPhones, proving the strength of Apple’s brand and its products as unquestionably strong at this juncture.

The company’s stock can be expected to demand a premium short-term as investors and managers scramble to have their portfolios participate in one of America’s most notorious success stories.

Beyond the zeal of Apple’s results, traders will await pending US home sales out at 15.00 GMT and the FOMC statement at 17.30 for an indication as to whether the recent loading of risk assets can be justified further.

If the 15.00 figure surprises to the downside against a recent stream of positive US macroeconomic results, sellers could hurry to unwind.

This potential outcome presents an asymmetrically structured risk/return profile for sellers if the US economy can be observed to slow more than expected.

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.

It’s no big surprise that the index spread trading markets have slipped a bit this morning after the FTSE reached 6-month highs yesterday.

The UK’s blue chip index is -37 at 5745.

Financials and tech shares are weighing heaviest on the blue chip index, with Ashmore Group -3.6% at 350.7, Hargreaves Lansdown -2.46% at 435.3, and Barclays -1.55% at 219.

Global macro and political factors are compounding that downward pressure.

Both the Bank of Japan and the Reserve Bank of India cut their 2012 GDP forecasts.

While the EU ban on Iranian oil imports and escalating tension in the Strait of Hormuz has made spread trading investors think twice about where to plonk their cash in the face of rising oil prices.

NYMEX Light crude is currently trading above the psychologically important $100 barrel mark, and near-month Brent Crude is currently $111.03.

The Crack Spread, the difference between crude oil and refined petroleum which is important to individuals for automobile and heating use, is pushing back towards 1-month highs of 22.29, currently at 20.75.

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.

A shy, but positive, open for European markets this morning tracking Asian gains overnight following news that a Mexican standoff between Greece and its creditors was slowly diffusing and negotiations to avoid a shambolic default were brought back to life.

The previous day’s news that the IMF was committing to augment its lending capacity sought to antagonise Standard & Poor’s previous downgrade of the current bailout package.

Despite this, investors remained apathetic as the IMF seems to be keeping the details regarding the package on a need to know only basis.

Unusually, at least compared to the last few months, Europe may not dwarf investor’s agenda this afternoon as a host of US firms are due to report.

A keen eye will be focused on Bank of America and whether legal and capital trepidations are constraining the bank’s ability to meet analyst’s expectations of 16 cents per share earnings, an increase of 4 cents from last year.

Technology firms are also likely to dominate, as Tech giants Intel, IBM, Google and Microsoft report which could shed light on the extent to which a sector largely overlooked by the effects of a global slowdown are surviving the present global turmoil.

However, spread trading investors should remain prudent as an inundation in positive reports from the US could provide the perfect context for disguising negative news arising from the European debt situation.

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.