CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.

Thanksgiving leaves markets subdued

With US markets shut trading floors were always going to be quieter, and this year’s thanksgiving is no exception.

CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.
A Turkey farm
Source: Bloomberg

Improving commodity prices have helped re-invigorate the mining sector and the list of FTSE climbers is dominated by firms in this arena.The exception to that rule has been BHP Billiton, which continues to set new lower lows stretching out over a seven-year period after the UN confirmed that the Brazilian mud slides are toxic, subsequently sending the shares tumbling again.

The ramifications from Tesco’s accounting irregularities just over a year ago are still being felt, as Britain’s largest food retailer has paid out £8 million to settle with US investors who went to court to claw back some of their losses.

Oil prices look to be anticipating more negative sentiment being dumped on them as both US light and Brent crude sell off. Ahead of next week’s Vienna meeting for the OPEC nations, Saudi Arabia has been making further noises about maintaining the supply levels to the markets.

Monday’s lows in copper look to have been a step to far as the base metal continues to bounce, but without any fundamental increase in demand it is difficult to see how much longer copper traders can suspend their disbelief.

This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.  Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. 

CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.