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Downfall of U.K stocks...HSBC has become the reason


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chevrolet
PostPosted: Tue Aug 05, 2008 8:53 pm Post subject: Downfall of U.K stocks...HSBC has become the reason Reply with quote

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Britain's benchmark stock index reversed earlier gains to trade flat on Monday, as oil shares tracked rising energy prices, while Europe's biggest bank HSBC after its first-half results.

the FTSE 100 was down 1.8 points. The blue-chip index lost 1.1 percent on Friday and is now over 17 percent lower this year.

HSBC added more than 1 percent before falling 2.3 percent after it said its first-half profit fell 28 percent, in line with forecasts, as a $14 billion hit on bad debts on U.S. home loans and asset writedowns offset strong Asian growth.
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verifiedtrading
PostPosted: Tue Sep 09, 2008 8:37 pm Post subject: Reply with quote

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The index is expected to recover soon and as soon as the index us up, We will see a rice in prices.

www.sp500-trading.com
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chevrolet
PostPosted: Thu Sep 11, 2008 11:40 pm Post subject: Reply with quote

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I hope the same happens. I was trading on gnutrade platform and had a bet on FTSE and I had basic bet saying that it would go up for next ten minutes.

I was fortunate enough for those ten minutes...FTSE was up and I won my money. Thank god I did not loose my money..

FTSE has been my favourite...
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timothy1
PostPosted: Wed Sep 17, 2008 9:34 pm Post subject: Reply with quote

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Due to the Britain's benchmark market index revised is prices.but it leads to the loss of their points.
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