Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

ASX200 continues out of step

CMC Markets

The Australian equity market has posted solid gains in morning trade, perhaps to the surprise of many expecting another soft open. The local market has been out of step with the global trend in recent times, and it seems this trend will continue today. US markets eked out minor gains overnight as taper conundrum lingers on. The general market expectation is for a stimulus reduction to commence next year. However, given the improving economic outlook and the Fed’s history of policy surprises, it’s no sure thing. Locally, the NAB Business Confidence figures has come in roughly as expected – predictably low. This news has taken some of the wind out of the sails of the ASX200 but it appears buyer support remains across all major sectors.

Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.