Visit http://www.cityindex.co.uk/learn-to-trade/ for more trading insights, seminars and webinars. Here, Alexandra Coote of spread betting and CFD trading provider City Index brings you the key activity shaping the markets on 17th June 2011. Headlines include:
- The FTSE 100 opened negative this morning, down 30 points, and is currently trading down 40 points.
- The DAX is down 65 points, while the CAC is down 48 points. Dow Futures are currently trading down 36 points.
- The FTSE Index is see falling in tandem with continued declines globally after a turbulent week of political and economic unrest in Greece.
- Concerns grew that the highly indebted eurozone country would struggle to avoid a debt default.
- In currencies, GBP/USD is at 1.6111 , EUR/USD is at 1.4153, USD/JPY is at 8046.
Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.
