LONDON, July 1, 2012 /PRNewswire/ --
David Jones' (DJS) share price rose 15 per cent today (Friday 29 June) when the company confirmed that it has received an unsolicited takeover approach from a UK entity.
Despite the initial mystery behind the unsolicited offer, other retail stocks in Australia also appreciated during the morning trade.
Peter Esho, Chief Market Analyst at City Index said, "The approach to David Jones means only one thing - the domestic retail stocks are now in play and M&A strategies which were previously on the back burner will now be brought forward."
The local stock market also jumped higher as soon as some positive news from the European Union's summit hit the market.
Trading the News
Trading the news is one strategy used by active traders who monitor the market on a regular basis.
Takeover moves, mergers and acquisitions and big news events such as the EU summit all present trading opportunities, particularly to day traders.
With CFD trading provider City Index Australia, you can use the online trading platform to monitor market news, company analysis and trends to capture trading opportunities.
Knowing the features and capabilities of your online trading platform will definitely be an advantage for you and your trading.
Trading with City Index Australia
With City Index Australia, you can place multiple orders to execute a pairs trading strategy.
You may also use pairs trading in Index CFDs such as the ASX 200, Hang Seng, Nikkei 225, the US100 and the UK100.
Though many of these indices tend to follow each other's direction, there are instances where they could go separate ways and that may present a pairs trading strategy in a global scale.
There are different order types e.g. Good Till Cancelled, Good for the Day, Limit Sell and Limit Buy, that you can place if you think the market will move one way or another.
Remember, however you trade CFDs - they come with a higher level of risk and are not suitable for all investors and you may not own the underlying asset.
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.
City Index is a leading global provider of margined foreign exchange and CFD trading. As a group, we transact in excess of 1.5 million trades every month for individuals in over 50 countries worldwide. To learn more visit: http://www.cityindex.com.au/
SOURCE City Index Australia