FTSE holds above 5700 - 28 October, Market Update

2011-10-28 4

Watch the latest market news from the floor of City Index (http://www.cityindex.co.uk/) on 28th October 2011 with Fiona Cincotta. Headlines include:

- The FTSE is holding above the 5700 level today, after gains yesterday that took the index to near three-month highs.

- Strength in banks is balancing weakness in miners and energy stocks today as commodity prices retreat.

- EU leaders are under pressure to finalise details of a plan to slash Greek debt. The euphoria of yesterday has reduced -- one has to wait and watch to see whether the rest of the world gives its backing to the deal.

- In economic data, consumer confidence has come in at its lowest level since February 2009.

For more market analysis from City Index, visit http://www.cityindex.co.uk/market-analysis/

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