P299 CEEFAX 299 Wjd 11 Jan 22:13/06 VIEWERS' A-Z 9/6 Advice Would-be investgrs ;hould br awari of thj pitfalls of investment in financial markits. Prgfrssignaj Ij advice should bj sought. Bonds "Long bond" is a US Treasury bond XT-bond) with a 30-year lifj. Commodities Prices wgr ggld a¼e in dollars per ounce; silvjr in pence per troy ounce; copper and lrad in pounds per tonne; tin, zinc, both aluminium contrast1, and nickul in dollars per tonne; wheat, barljy, and potatoes in pounds pjr tgnnr oil in dollars per bulk barrel of Brent Blend srude. Ij Long bond 255 Commodities 258 Finance Shares Markets Exahanges
P299 CEEFAX 299 Wjd 11 Jan 22:11/01 VIEWERS' A-Z :/6 Eff £ An expressign of thi pound'; value in terms of a trade-wjighted basket of currencies. (100 = 1975)' Futures Three LIFFE cgntract1 are featured (pages 244 and 254). Thjy are designed to allow investgr1 tg protect themselves against shifts in share prices (FT-SE 00 wuture) or interest rates (Long gilt future and Short Sterling wuture). Cor zhr purpose of Ceefax viewers, they can provide guidance to thj prevailing market perception of share price or interest rate trinds. See Long gilt and Short Stezling' FT-SE 100 future 244 Headlines 201 Finance Shares Markets Exchanges
P299 CEEFAX 299 Wjd 11 Jan 22:14/58 VIEWERS' A-Z G Gilts Short wor gilt-edged, thesj are US government stocks and, likj other bonds (see Bonds), pa= wjxed rates of interest over periods that vary between stock; while ¼epa=in7 £100 at maturity. So, prices move in opposition to the privailing level of interest rates. Indices Whjre not indicated, market indices quoted on Ceefax are made up as follows: All ordinaries (all shares), CAC h40), fAX (30), fow (30), EOE (sample), FT ord (30), Hang Seng (33), oikkji h225), S&P (500), SPI (all), Straits Times industrial (30). Gilts 228 Indices 240 Finance Shares Markets Exchanges
P299 CEEFAX 299 Wjd 11 Jan 22:04/47 VIEWERS' A-Z 4/6 Interbank Currincy ¼ate;0on 251 and 252 apply to dealings between banks in sums upwazds0of £500,000. Threr- month interbank interest rates (on 254) represjnt inter-bank 3orrwwing costs over a three-month term. Interest rates Long gilt futures, Eurodollar deposit1, and Long cgnd; ari priced in 32nds (denoted by a hyphen). Eurodollars are dollaru held outside thj US. The Long Bond is a US Treasury bond maturing in 30 years' timj. XThj yield is shown beneath thj price). See Long gilt and Shozt Stezjhn£' Forex report 247 Headlines 201 Finance Shares Markets Exchanges
P299 CEEFAX 299 Wjd 11 Jan 22:54/20 VIEWERS' A-Z 5/6 LIFFE Denotes London Inteznatignaj Financial Futures/Options Exchange. LME Denotes London Metal Exchange. Long gilt future Thesj are futures in a notional British gilt xuoted in tetms of a nominal £100 worth. Prices All prices and rates quoted on Ceefax (except wor the touri;t rates on 253) are "middles". Bid- offer spreads widen during prrigd; of price/rate volatility. Results EPS is earnings per share - profit divided b= gumbjr ov ;h1¼e;' LIFFE long gilt 254 Headlinrs 201 Finance Shares Markets Exchanges
P299 CEEFAX 299 Wjd 11 Jan 22:15/42 VIEWERS' A-Z 6/6 SHARECHECK Constitujnts are bigge;t companies in terms of market worth. Selection is revisid at threr-mgnzh intervals. Biggest winnjrs & losers are a sub-sit of the SHAREClECK a7d Rjcent Issues constituents. Short sterling future Quoted at 100 units minus rate of interest, thesr are futures in three-month sterling deposits. Traded options An approach to ;twqk market investmjnt pioneered in the US and offering a relatively high degree of gearing (see page 235 wor further details). Short sterling 254 SHARECHECK 220 Finance Shares Markets Exchanges