Get our Weekly Trading Update email:

Spreadex Market Update

Monday, October 01, 2012 - Morning Market Update
David White
Financial market analysis from Spreadex financial spread betting trader David White

Merger moves ahead

Steps to create the world’s biggest metals and commodities trader have almost been completed this morning, with it being released to the market that Xstrata recommends to its owners an all-share merger with Glencore. Specifically, 3.05 Glencore shares for every Xstrata share. Shortly after the open the market is demanding a 1.6% premium for XTA’s shares.

The broader market is higher from Friday’s close, as the most compelling strategy currently adopted by investors is to position for equity outperformance relative to bonds. The FTSE trades up 38 at 5,780.

This week is likely to be a repeat of the familiar themes and headline risks faced by the market for some time, namely pressured European debt and a slowing China. Participants will turn to non-farm numbers due out from the U.S. on Friday for a guide as to whether or not the labour market is currently improving.

The Trading Day and Week Ahead

For further information on the trading day ahead, take a look at our Financial Diary, which previews all the Economic Data due out to today and projected or previous figures.

Our Financial Diary is updated in real time as the figures are released throughout the day.

If you are unsure what different Economic Figures mean take a look at our Economic Indicators Explained guide.

For a look at the trading week ahead our Financial Diary also lists all the companies due to submit trading updates this week. Each Friday, our diary will preview the forthcoming week's economic indicators and company reports schedule.

For market trends and analysis, don't forget our charts have automatically generated support and resistance trend lines helping aid your financial spread betting with technical analysis. For more help on using our charts, view our Guide to Trading with Charts?


Spread betting carries a high level of risk to your capital and can result in losses larger than your initial stake/deposit. It may not be suitable for everyone so please ensure you fully understand the risks involved.

Spreadex Ltd is authorised and regulated by the Financial Conduct Authority, provides an execution only service and does not provide advice in any way. Nothing within this update should be deemed to constitute the provision of investment advice, recommendations, any other professional advice in any way, or a record of our trading prices. This update does not constitute or form part of an offer of, or solicitation for a transaction in any financial instrument, nor shall it or the fact of its distribution form the basis of, or be relied on in connection with, any contract therefore. Any persons placing trades based on their interpretation of the comments or information within this update does so entirely at their own risk.

No representation, warranty, or undertaking, express or limited, is given as to the accuracy or completeness of the information or opinions contained within this update by Spreadex Ltd or any of its employees and no liability is accepted by such persons for the accuracy or completeness of any such information or opinions. As such, no reliance may be placed for any purpose on the information and opinions contained within this update.

The information contained within this update is the intellectual property of Spreadex Ltd and is protected by UK and International copyright laws. All rights reserved. Users may however freely download, distribute and reproduce extracts of the contents, subject always to accrediting Spreadex Ltd as the source and providing a hyperlink to