Watch as Sophia Ziaee of City Index (http://www.cityindex.co.uk/) brings you the latest trading floor news on Tuesday 16th August 2011. Headlines include:
- All eyes are on Europe today as European stocks fell on Tuesday, halting a recovery rally started last week.
- Investors are fretting about a tepid reading of German GDP growth ahead of talks between German and French leaders on the euro zone debt crisis.
- The Stoxx Europe 600 Index dropped 0.7% as it opened this morning, while the shared currency weakened against the major currencies. Also, the Swiss franc rose against all of its major peers as investors flocked to the safest assets.
- The FTSE 100 opened down 0.7% and in the US, Standard & Poor's 500 Index futures also lost 0.7% after a three-day rebound in the US stock gauge.
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