Visit http://www.cityindex.co.uk/spread-betting/ for the latest spread betting news. Here, listen to the latest EU market development from the floor of City Index with Fiona Cincotta as she brings you the financial news activity surrounding the spread betting and CFD trading markets on 12th May 2011.

- The FTSE is so far down 40 points on the day at 5934, extending the previous session’s declines and following weakness overnight on Wall Street and in Asia.

- Concerns regarding the Greek sovereign debt are still looming large.

- A second big breakdown in commodity prices has triggered concerns over whether the market could continue to push higher.

- UK miners were weak today as copper fell on fears over slow demand from top consumer China.

- A Q4 profit announcement from BT Group shows profits came in line with estimates.

Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.