Spread Betting News: European Stocks Recover, Uk Jobs Data Is Positive
London, England -- (SBWire) -- 04/25/2011 -- City Index takes a look at the activity shaping the spread betting markets on 13th April 2011.
The Stoxx 600 Europe Index has recovered after tumbling yesterday (April 12th) following the news that Japan had increased its nuclear radiation warning to the highest possible level.
Bloomberg noted that as of 09:10 BST in London, the stock index had advanced by 0.4 per cent after falling by 1.7 per cent on Tuesday.
Since February 17th - when the index traded at a high - it has retreated by 4.7 per cent, it explained.
Furthermore, the FTSE 100 was up by 0.84 per cent as of 11:26 BST to trade on 6,014.83 points following the publication of the latest employment data from the Office for National Statistics.
The figures revealed that for the three months to February 2011, the unemployment rate was down by 0.1 per cent on the quarter for the economically active population.
Meanwhile, the employment rate for 16-64-year-olds for the same three-month period stood at 70.7 per cent, a 0.2 per cent advance.
As of 11:40 BST, the French-CAC was up by 0.73 per cent and the German DAX had rallied by 1.03 per cent ten minutes previously.
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