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,
brings you the key activity shaping the markets on 5th July. Headlines include:
• With the US closed yesterday due to Independence Day, a quiet trading day saw the FTSE gain a further 27 points to 6017, closing above the 6000 level for the first time in over six weeks.
• Despite the S&P warning that the Greek debt deal would still amount to a default, the FTSE is in positive territory today, up 8 points to 6025.
• Leading the FTSE so far today is Reckitt Benckiser, up 1.8%, with continued bid rumours from Proctor and Gamble.
• Schroder’s is up 1.75% despite a price cut from UBS.
• On the downside this morning, we have Intertek, the biggest faller, down 1.6%.
Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.