Spreadex Market Update
Monday, October 01, 2012 - Morning Market Update
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.
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.
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