Fiona Cincotta of City Index (http://www.cityindex.co.uk/) brings you the latest market news affecting your financial trading.
Headlines include:
- FTSE down 30 at 5840, tracing falls on Wall Street and Asia overnight.
- Continued possibility that US could default on its debt.
- Last night some republicans refused to back a budget deficit plan proposed by their own congressional leader.
- Given the deadlock, traders are likely to be risk averse heading to the weekend.
- European debt worries also revived after rating agency Moody's placed Spain AA2 rating on review for possible downgrade.
- Macro economic data today:
13:30 US GDP
13:45 US PPI
14:55 University of Michigan Sentiment
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