Negative start for the FTSE - Market Update, 27th July 2011

cityindex 2011-07-27

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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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