Visit http://www.cityindex.co.uk/market-analysis/ for more market insights from the trading experts at City Index. Here, Alexandra Coote brings you the key activity shaping the markets on 27th July.
Headlines include:
- The FTSE 100 opened negative this morning, and is currently trading down 22 points.
- The German DAX is down 34 points and the French CAC is trading down 27 at the moment.
- Dow futures are currently up 6 points.
- In the UK, data shows that demand for houses fell for a third month in June as waning consumer confidence and difficulties in getting a mortgage kept potential homebuyers off the market.
- The main news event today is the continued US debt crisis.
- In currencies, GBP/USD is currently at 1.6423, EUR/USD is trading at 1.4483 and USD/JPY is at 77.59.
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