FTSE 100 trading at 5855 - Market Update, 3rd June 2011

cityindex 2011-06-03

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Bookmark http://www.cityindex.co.uk/market-analysis/ to follow the latest financial news from spread betting and CFD trading provider City Index. Here, Fiona Cincotta brings you the key market-moving activity occurring on 3rd June 2011. Headlines include:

- FTSE trading up 10 points at 5855 after sharp selloffs in the previous two sessions.

- There were mixed showings overnight on Wall Street and from Asia.

- Worries over weak economic data during the week drove investors away from risky assets.

- Investors are expected stay cautious ahead of the US non-farm payroll data which has been revised down from an increase of 180k to 150k.

- The US non-manufacturing index will be announced at 2pm (UK time).

Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.

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