Visit http://www.cityindex.co.uk/spread-betting/ for breaking spread betting news. Here, Alexandra Coote brings you the latest market insights from the trading floor of City Index on 23rd May 2011.
Headlines:
- The UK 100 opened down 80 points today, following on from last week’s closing sessions in America and Asia after continued concerns about eurozone debt.
- Ratings agency Fitch had downgraded Greece’s credit rating.
- Italy’s credit rating was also cut from stable to negative by Standard and Poor’s.
- Out of the FTSE, 98 stocks are trading down, with no break out profits today.
- Elsewhere in Europe, the DAX is down 100 points, the CAC is down 62 points and Dow futures are down 63 points.
- In forex, GBP/USD is currently trading at 1.6178, while EUR/USD is trading at 1.4016.
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