Euro markets in positive territory - Market Update, 1st July

cityindex 2011-07-01

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Visit http://www.cityindex.co.uk/learn-to-trade/ for more trading insights, seminars and webinars from spread betting and CFD trading provider City Index. Here, Christopher Nelson-Smith brings you the key activity shaping the markets on 1st July. Headlines include:

Financials have pushed the FTSE higher today, as Greece looks likely to have avoided defaulting on its debts.

Barclays, Lloyds and Standard Chartered are among the best performing stocks today, with banks and insurers breathing a sigh of relief, given their high exposure to Greek debt.

Fresnillo and Randgold are among the worst performing stocks today after Morgan Stanley started Randgold at underweight, with a target price of 4300.

In economic data, European unemployment figures were announced at 10.30am.

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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