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CFD Trading and Spread Betting News - IMF: High commodity prices are more than was expected

 


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Spread betting and CFD trading provider City Index ( http://www.cityindex.co.uk/) takes a look at the activity affecting the financial markets on 12th April 2011. The price levels reached by commodities have been unexpected. Such is the assertion of the International Monetary Fund (IMF), which has published its global economic recovery forecast, with world growth predicted to increase to 4.4 per cent this year and next. IMF chief economist Olivier Blanchard admitted that while rising commodity prices, such as oil, may have heightened concerns, this is unlikely to have a serious impact on financial recovery.

However, the UK, Japan and the US all saw their growth prospects revised down by the IMF. UK growth was slashed from two to 1.7 per cent, while the US and Japan were downgraded by 0.2 per cent. As well as having its growth prospects reduced, Japan has raised its Fukushima nuclear plant crisis to the highest international level - the same as Chernobyl.

Germany and Russia, meanwhile, enjoyed an IMF predicted growth hike of 0.3 per cent. Find out how you can spread bet and trade CFDs on the move with >mobile trading at: http://www.cityindex.co.uk/trading-platform/mobile-trading-platform.aspx Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks. * Spread betting and CFD trading are exempt from UK stamp duty. Spread betting is also exempt from UK Capital Gains Tax. However, tax laws are subject to change and depend on individual circumstances.

Please seek independent advice if necessary. About City Index: Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index trading platform. As a group, we transact in excess of 1.5 million trades every month for individuals in over 50 countries worldwide.

We provide access to a wide range of instruments including margined foreign exchange, CFD trading and, in the UK, financial spread betting . We constantly look to widen the range of assets we offer, improve the performance of our platforms and expand the range of services we provide. The result is that our customers benefit from innovative trading tools with transparent pricing, competitive spreads, and a high standard of customer service and support.

Visit http://www.cityindex.co.uk/ for more information.

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