London, England -- (SBWIRE) -- 04/21/2011 -- Spread betting and CFD trading provider City Index (http://www.cityindex.co.uk/) takes a look at the news activity surrounding the financial markets on 11th April 2011.
The Nikkei 225 retreated today (April 11th) following calls to sell the shares of car manufacturers, it has been said.
Citigroup downgraded its ratings on the biggest makers of vehicles, contributing to the slide of the premier stock index in Japan, Reuters reported.
Indeed, the Nikkei 225 ended trading 0.50 per cent down to finish on 9,719.70 points.
However, the news resource pointed out that further falls were limited because of investors eyeing up stocks relating to reconstruction and oil, as focus centres on the post-earthquake recovery.
Furthermore, despite its previous steep plummets, the Nikkei 225 has made up two-thirds of its losses since the March 11th earthquake and resulting tsunami.
The Nikkei 500 and 300 also closed down, dropping by 2.31 and 0.28 points respectively.
News of a 7.1 magnitude earthquake in Japan last week failed to shake the Nikkei 225, after it advanced by 1.93 per cent on Friday compared to the previous day.
Learn about spread betting and CFD trading on the move with City Index 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, contracts for differences (CFDs) 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.