Spread Betting Spotlight on the FTSE 100 During March 2011 - City Index

LONDON--(BUSINESS WIRE)--The FTSE 100 experienced plenty of movement during March 2011. Here, spread betting and CFD trading provider City Index (http://www.cityindex.co.uk/) looks back through its daily market commentary archive to see how events unfolded and the FTSE 100 reacted.

“As of 10:11 GMT, the [FTSE 100] was trading more than 52 points lower when compared to yesterday's close.”

02/03/2011

The London Stock Exchange saw a number of its stock indices fall at the very start of March, with the FTSE 100 taking a hit. The Financial News section of the City Index website stated: “As of 10:11 GMT, the [FTSE 100] was trading more than 52 points lower when compared to yesterday's close.”

10/03/2011

In his financial spread betting commentary Joshua Raymond noted the FTSE 100 hit a new five-week low. One reason for this was China reporting a shock trade deficit of $7.3 billion, after a slowdown in both imports and exports. This slowdown hit mining companies hard and consequently dragged the heavyweight sector lower by 3.7%, the FTSE 100 following suit.

15/03/2011

By mid-March, the FTSE 100 was still experiencing drag, this time as a result of the tragic events in Japan. However, Next and M&S were two rare shining lights on the FTSE 100, the only companies to have made a price gain.

22/03/2011

Joshua Raymond opened his market commentary by confirming “The FTSE 100 has now recovered 3.5% over the last four sessions.” Though the index was still some 5% from its 2011 high, the movement was enough to encourage many traders to lock in gains before instability from North Africa or the Middle Easy potentially changed the state of play again.

31/03/2011

The end of March saw more positive movement from the FTSE 100, though Market Strategist Joshua Raymond was keen that traders tread carefully. “I would sound a word of caution as much of the gains have been on the back of fairly meagre volumes and the UK Index has only just returned to pre Japanese tsunami levels. That said, the recovery from the 5600 level on the FTSE 100 has been impressive and reaffirms that traders continue to use price dips as buying opportunities.”

For daily market commentary from City Index, visit http://www.cityindex.co.uk/market-analysis/

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