Spread Betting Update: Nikkei 225 advances, steelmakers rally

Spread betting provider City Index looks at the movement in the Nikkei 225 this morning.
By: City Index
June 28, 2011 - PRLog -- The Nikkei 225 has this morning (June 28th) closed trading higher as improved investor sentiment helped to rally the stock index.

Reports suggested that Japan's premier stock index climbed in anticipation that a deal would soon be struck to help alleviate the debt crisis of Greece.

Should a second bailout package be confirmed, the share prices of Japanese firms that trade in Europe could increase amid confidence that the continent's financial markets would be stabilised.

Steelmakers were some of the businesses to enjoy a value boost, such as the Tokyo Steel Manufacturing Company.

Its share price closed more than four per cent higher after Goldman Sachs hiked up its rating of the organisation.

Indeed, it was noted that rebuilding efforts following Japan's March 11th earthquake would increase demand for the metal.

Meanwhile, Nippon Steel ended trading more than two per cent higher on yesterday's close.

The Nikkei 225 closed on 9,648.98 points, a 0.74 per cent advance on the previous day.

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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 or mobile 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, CFDs and, in the UK, spread betting.

We constantly look to 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. For more information, visit http://www.cityindex.co.uk/.

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As a group, City Index transacts in excess of 1.5 million trades every month in over 50 countries worldwide. We provide a wide range of instruments including forex, CFD trading and spread betting. For more information, visit http://www.cityindex.co.uk/.
Source:City Index
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