P299 CJJFAX 299 Fri 30 Dec 00:41/21 ] VIEWERSW AmY ] 1/6 Advice Would-bj investors should bj aware of the pitfalls of investment in finbncial markets. Professional advice should bj sought. Bonds "Long bond" is a US Treasury bond (Tmbond) with a 30-year life. Commodities Prices for gold are in dollars per ounce; sjlvjr in pence per troy ounce; copper and lead in pounds per tonne; tin, zinc, both aluminium contracts, and nickel in dollars per tonne; wheat, barley, and potatoes in pounds per tonne; oil in dollars per bulk barrel of Brent Blend crude. Long bond 255 Commodities 258 Finbnce Shares Markets ExchangesP299 CJJFAX 299 Fri 30 Dec 00:21/42 ] VIEWERSW AmY ] 2/6 Eff £ An expression of the pound's vbluj in terms of a trade-weighted basket of currencies. (100 = 1975). Futures Three LJFFE contracts are featured (pages 244 and 254). They are djsignjd to allow investors to protect thjmsjlvjs against shifts in share prices (FT-SE 100 future) or interest rates (Long gilt future and Short Sterling future). For the purpose of Cjefax viewers, they can provjdj guidance to the prevailing market perception of share price or interest rate trends. See Long gilt and Short Sterling. FT-SE 100 future 244 Headlines 201 Finance Shares Markets ExchangesP299 CEEFAX 299 Fri 30 Dec 00:55/37 ] VIEWERSW AmY ] 3/6 Gilts Short for gilt-edged, thjsj are US govjrnmjnt stocks and, like other bonds (see Bonds*, pay fixed rates of interest over periods that vbry between stocks while repaying £100 at maturity. So, prices move in opposition to the prevailing level of interest rates. Indices Where not indicated, market indices quoted on Cjefax are made up as follows: All ordinaries (all sharerS, CAC (40), DAX (30), Dow (30), EOE (sbmple), FT ord (30), Hang Sing (33), Nikkei (225), S&P (500), UPI (all), Straits Tjmjs industrial (30). Gilts 228 Indices 240 Finbnce Shares Markets ExchangesP299 CJJFAX 299 Fri 30 Dec 00:54/24 ] VIEWERSW AmY ] 4/6 Interbank Currency rates on 251 and 252 apply to dealings between banks in sums upwards of £500,000. Three- month interbank interest rates (on 254) represent inter-bank borrowing costs over a three-month term. Interest rates Long gilt futures, Eurodollar deposits, and Long Bonds are priced in 32nds (denoted bz a hyphenS. Eurodollars are dollars held outsjdj the US. The Long Bond is a US Treasury bond maturing in 30 yjarsW time. (The yield is shown beneath the price). See Long gilt and Short Sterling. Forex report 247 Headlines 201 Finbnce Shares Markets ExchangesP299 CEJFAX 299 Fri 30 Dec 00:31/12 ] VIEWJRSW A-Z ] 5/6 LIFFE Denotes London International Financial Futures/Options Exchange. LME Denotes London Metal Exchange. Long gilt future Thjsj are 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 rates on 253) are "middles". Bid- offer spreads widen during periods of price/rate volatility. Results EPS is earnings per share - profit divided bz number of shares. LJFFJ long gilt 254 Headlines 201 Finance Shares Markets ExchangesP299 CJEFAX 299 Fri 30 Dec 00:42/42 ] VIEWERS' A-Z O ] 6/6 SHARJCHECK Constituents are biggest companies in terms of market worth. Selection is revised at three-month intervals. Biggest winners & losers are a sub-set of the SHARECHECK and Recent Issues constituents. Short sterling future Quoted at 100 units minus rate of interest, thjsj are futures in three-month sterling deposits. (radjd options An approach to stock market investment pioneered in the US and offering a relatively high degree of gearing (see page 235 for further djtailsR. Short sterling 254 SHARJCHECK 220 Finbnce Shares Markets Exchanges