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Business news: British GDP seen flat, natural gas in a temper

By Hanna Paul


Updated

Night view of oil refinery, natural gas and oil storage tank
Natural gas fell into a tussle losing about 1.8% in early trade – Photo: Shutterstock

The markets are quiet with British gross domestic product data expected to be flat and Italian producer prices soft while natural gas fell into a tussle losing about 1.8% in early trade ricocheted after skyrocketing, European gas prices leaping up 20% from December 2020.

Bitcoin on a high today while commodity markets have taken up their places in the red.

Natural gas prices skyrocket and plummeted today

Natural gas prices skyrocket and plummeted today – Photo: Shutterstock

UK passports

UK passports – Photo: Shutterstock

Coronavirus under the microscope

Coronavirus under the microscope – Photo: Shutterstock

Natural gas prices skyrocket and plummeted today

Natural gas prices skyrocket and plummeted today – Photo: Shutterstock

UK passports

UK passports – Photo: Shutterstock

Coronavirus under the microscope

Coronavirus under the microscope – Photo: Shutterstock

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Stock market index movement around the world 

Europe

Index

Country

Change

% Change

Level

FTSE 100

England

+99.38

+1.38%

7,297.41

Euronext 100

Europe

+22.99

+1.76%

1,325.62

CAC 40

France

+94.89

+1.38%

6,964.99

DAX

Germany

+207.77

+1.36%

15,447.44

Swiss Market Index

Switzerland

+92.64

+0.74%

12,682.53

US

Index

Country

Change

% Change

Level

Dow Jones Industrial Average

United States

+560.54

+1.60%

35,492.70

S&P 500 INDEX

United States

+81.21

+1.78%

4,649.23

Brazil Bovespa Stock Index

Brazil

-2,826.45

-2.61%

105,499.88

Canada S&P/TSX 60

Canada

+22.11

+1.77%

1,270.45

Santiago Index IPSA

Chile

+54.23

+1.33%

4,142.49

IPC

Mexico

+461.42

+0.89%

52,085.28

Asia

Index

Country

Change

% Change

Level

Australia ASX All Ordinaries

Australia

+15.90

+0.21%

7,682.60

Shanghai SE Composite Index

China

-1.65

-0.05%

3,623.48

Hang Seng

Hong Kong

+51.56

+0.22%

23,022.89

Mumbai Sensex

India

+337.56

+0.60%

56,656.57

Nikkei 225

Japan

+44.62

+0.16%

28,562.21

Taiwan TSEC 50 Index

Taiwan

+37.56

+0.21%

17,826.83

Top business and economic news

  • UK Bank NatWest agreed to pay the US authorities about $35m after pleading guilty to conducting fraud schemes in the country’s Treasury bond and futures markets.
  • UK competition watchdog launched an in-depth probe into a tie-up between Veolia and Suez, the world’s largest waste and water groups, after the companies did not offer any remedies to resolve concerns regarding the merger of the two, which could potentially lead to loss of competition, which created a rise in prices because of the contracts they already have in existence. 

Markets today

  • Stocks: All Asian bourses in the green except China's Shanghai Composite Index. The story is quite different on the other part of the world. Wall Street and all European indices in the green, except for Brazil.
  • Oil: Oil price up while natural gas loses over 1%, bouncing down after jumping yesterday.
  • Gold: Gold and silver trade in the green today.
  • Forex: US dollar retreats along with yields, risk mood to drive markets as US weekly jobless claims set to release today.
  • Crypto: Volumes in the global crypto verse jumped 12.3% to $83.54bn while prices soared in the last 24 hours of digital coins including bitcoin up over 1.2%.

What to watch today

  • British gross domestic product expected to be flat both year-on-year and month-on-month.
  • Japan foreign bond investments expected today.
  • Italian Producer Price Index expected to be soft.
  • Paychex earnings: 0.7974 earnings per share expected.
  • Other earnings: Other income releases expected today includes Cintas, Medallia and many smaller stocks like Rosetta Genomics.

Read more: Alibaba aims to grow Lazada's sales to 0bn

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided in this article is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents and has not been prepared in accordance with the legal requirements designed to promote investment research independence. While the information in this communication, or on which this communication is based, has been obtained from sources that Capital.com believes to be reliable and accurate, it has not undergone independent verification. No representation or warranty, whether expressed or implied, is made as to the accuracy or completeness of any information obtained from third parties. If you rely on the information on this page, then you do so entirely at your own risk.

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