FTSE down 30 points – Market Update, 15th July 2011
cityindex
2011-07-15
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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, Fiona Cincotta brings you the key activity shaping the markets on 15th July. Headlines include:
• FTSE down 30 points, tracing falls overnight on Asia and a late drop on Wall Street.
• Standard and Poor’s yesterday warned that there was at least a 50% chance it would downgrade the US credit rating.
• On Wednesday Moody’s also warned of a possible US credit rating downgrade.
• Banks are in focus today, with European Banking Authority expected to publish the results of its stress tests on 90 banks across Europe at 5pm (London time) today, followed by a news conference at 5.30pm.
Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.
• FTSE down 30 points, tracing falls overnight on Asia and a late drop on Wall Street.
• Standard and Poor’s yesterday warned that there was at least a 50% chance it would downgrade the US credit rating.
• On Wednesday Moody’s also warned of a possible US credit rating downgrade.
• Banks are in focus today, with European Banking Authority expected to publish the results of its stress tests on 90 banks across Europe at 5pm (London time) today, followed by a news conference at 5.30pm.
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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