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Financial Markets Stabilize After Recent Beatings Traders, investors, and financial journalists must have been glad to reach the end of a week that will surely go down in the history of financial markets. The FTSE closed the week just 66 points down which the S&P 500 actually managed a small profit. Homeowner, the closing figures do not even begin to tell the whole story with the FTSE trading in a 521 point range and posting its best one day rally in history on Friday. British Pound Slides Deeper Against US Dollar It was a dire for stock markets, with all major world indices trading well in the red. Thursday saw the bulk of the selling as US markets moved quickly to pre-empt Friday’s poor Non Farm payroll figures. Pound made record lows as Fear of recession increased It was a good week for European equity markets with the FTSE100 finishing the week at 5636, its highest level for nearly two months. The Big Uncertainty in the end of Summer It was another edgy week for stock markets with both bulls and bears frustrated and unwilling to take on big positions. British Pound Crashes on Dovish BOE Inflation Report The FTSE finished the week down slightly, but the real loser last week was UK PLC. The pound crashed as various factors come to a head. Between the devil of Recession and the deep sea of Inflation Three percent may seem an inauspicious number, but it certainly caused some headaches last week. Firstly, UK inflation is running at 3%, over the Bank Of England target of 2% and obliging the Governor of the Bank of England to write a letter of explanation to the Government. Betting on success Fixed odds betting is often overlooked by investors. Given the massive growth in the overall popularity of spread betting as an investment tool in recent years, alongside the ever higher profile achieved by the general gaming industry, it is perhaps quite surprising that the traditional form of gambling -fixed-odds betting- is not more widely used. UK to follow the US? US stocks have received a slight boost as oil prices retreat and new home sales unexpectedly rose on a month on month basis. However, we shouldn't really read too much into this, as there is a margin for error in these figures and new home sales in the US are still down 42% year on year. In addition, the Case-Schiller benchmark house price index is now showing a record decline of 14%. BetOnMarkets Weekly Predictions: Euro to weaken further against the US dollar The past week had the potential to be explosive. Central bank meetings in the UK and Europe had traders licking their lips with anticipation for the possible outcomes of the meetings and the potential volatility they could bring. Sadly for volatility lovers, the week came and went with little significant turbulence. Credit Crisis Worst is Over- We'll Believe It When We See It! "Sell in May" says the old stock market adage, but the bulls were in no mood for old wives' tales last week. Markets were in rally mode after the better than expected US jobs report, and news of more liquidity injections from the Federal Reserve. The hush before the storm? Following the previous week’s heavy buying, global markets again finished the week positively. However, gains were limited to around half a percent for the week with the Nasdaq and S&P 500 rising the most.

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