CFDs in temporary power solutions provider Aggreko were popular on Monday as a result of Japan’s power problems. It climbed nearly 6 per cent, getting back above the 50-day moving average in the process. The 100-day moving average at 1,508p is the next hurdle to a push higher. Spread Co offers a spread of 1,488.9p-1,492.1p.
There is talk of a potential rise of silver to $50/ounce by the end of the year, as production is not keeping up with current demand. With gold prices rising as well, consumer demand for cheaper jewellery is likely to increase with a shift to silver. Capital CFDs quotes May Silver at $35.79-$35.82.
Despite incredibly volatile oil prices, the petrochemicals sector is failing to find much love from investors. The threat of geopolitical issues disrupting output is leaving the sector as a whole to suffer. BP – which could be considered to still be trading at a discount after last year's huge spill in the Gulf of Mexico – is lagging along with its peers. Current IG Markets price is 464.10/464.15p.