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.

China news boosts UK risers

CMC Markets

A larger than expected increase in Chinese idustrial production data for July to 9.7% has helped push the UK100 higher in early trade with gold and silver miners leading the risers. Randgold Resources, Fresnillo, Vedanta and Anglo American lead the gainers while UK supermarket leader Tesco is also getting a China inspired boost after signing a joint venture deal with local supermarket chain Vanguard, part of China Resources to operate hypermarkets, supermarkets and convenience stores in China, Hong Kong and Macau, which could give it access to sales of £10bn. On the downside insurers are under pressure with Standard Life, Legal and General and Old Mutual all lower.

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.