P299 CJJFAX 299 Thu 4 Nov 21:11/47 VIEWERS' A Z I 1/6 Advice Would-be investors should be aware of the pitfalls of investment in finbncial markets.1Professional advic should bj sought. Bonds "Long bond" is a US Treasury bond XT-bond) with a 30-year life. Commodities Prices for gold are in dollars per ounce; silver in pence per troy ounce; copper 1nd lead in pounds per tonne; tin, zinc, both aluminium contracts, and nickel in dollars per tonne; wheat, barley, and potatoes in pounds 8ju tonne; oil in dollars per bulk barrel of Brent Blend crude. Long bond 255 Commodities 258 Finance Sharer 0 Markets ExchangesP299 CJEFAX 299 Thu 4 Nov 21:14/34 VIEWERS' A-Z 2/6 Eff £ An expression of the pound's value in terms of a trade-weighted bbskjt of currencies. (100 = 1975). Futures Three LIFFE contracts are featured (pages 244 and 254). They are designed to allow investors to protect themsel6es against shifts in share prices XFT-SE 100 future) or interest rates (Long gilt future and Short Sterling future). For the purpose of Ceefax viewers, they can provide guidance to the prevailing market perception of shari price or interest rate trends. See Long gilt and Short Sterling. FT-SE 100 future 244 Headlines 201 Finbnce Shares 0 Markets ExchangesP299 CEEFAX 299 Thu 4 Nov 21:29/15 VIEWERS'aA-Z E 3/6 Gilts Short for gilt-edged, the3j are US government stocks and, like other bonds (see Bonds*, pay fixed rates of inteujut o6ju periods that vary between stocks while repa9ing £1p0 at maturity. So, prices move in opposition to the prevbiling level of interest rates. 0 Indices Where not indicated, market indices quoted on Cjefax are mads 0 up as follows: All ordinaries (all sharerS, CAC X40), DAX (30), Dow (30), EOE (sample), FT ord (30), Hang Sing (33), Nikkei X225),0S&P (500), UPI (all), Straits Tjmjs industrial (30). Gilts 228 Indices 40P299 CJKFAX 299Q Thu 4 Nov 21:23/;v Y VHEWERS' AmY F Interbank Currency rates on 251 and 2*4 apply to dealings between bank3 in sums zpwards of £500,008. Thzrj- month interbank interest rates (on 254) represent inter-bank borrowing costs over a three-month term. Interest rates Long gilt futurju, Eurodollar deposits, and Long Bonds are priced in032nds (dunoted sz01 0 hyphen). Eurodollars are domlars held outside the US. The Long Bond iu a YS $teasury bond mbturing im U 30 9jars' time. (The 9ield i1 shwun beneath the price). See Long gilt and Short Sterling. Forex report 247 Headlines 201 Finance Shares 0 Markjtu Exchanke1P299 CEEFAX 299 Thu 4 Nov 21:X4/42 VIEWERS' A-Z 5/6 LIFFE Denotes London International Financial FuturesOOptions Exchange. LME Denotes London Metal Exchange. Long gilt futurd Thj5e ard futures in a notional British gilt quoted in terms of a nominal £100 worth. Prices All prices and rates quoted on Cjefax (except for the tourist rater on 253) are "middle5". Bhd- offer spreads widen during periods Results EPS is earnings per share - profit divided by number of sharer. LIFFJ long gilt 25) Headlines 201 Finance Shares Markets ExchangesP299 CEEFAX 299 Thu 4 Nov 21:19/44 VIEWERS' A-Z 6/6 SHARECHECK Constituents are biggest companie5 in terms of marker worth. Selection is revised at three-month intervals. Biggest winners & losjt3 are a sub-set of the SHARECHECK and Recent Issues constituents. Shout sterling future Quoted at 100 units minus ratd of intjrj1t, thj2r are futures in three-month0stduling deposits. Traded options An approach to stock market investment pioneered in zhj US and offering a relatively high degree of gearing (see page 235 for further details). Short sterling 254 SHARECHECK 20 Finance Shakes 0 Markets Exch1nges