Barclays down 3%, RBS down 2% - 17th August, Market Update

cityindex 2011-08-17

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Join Stuart Jackson of City Index (http://www.cityindex.co.uk/) as he brings you the latest trading floor news on Wednesday 17th August 2011. Headlines include:

- European markets have given a negative verdict on the outcome of yesterday's Eurozone debt crisis meeting, with the FTSE down 40 point, CAC flat and DAX down 35 points.

- UK banks are off to a tough start today with Barclays down 3% and RBS down 2% as fears of further contagion continue to weigh on the sector.

- On the FTSE, Kazakh mining giant ENRC posted a rise in profits and revenues in the first half year. Revenues were up 32% from the same period the previous year at $4.011 million, currently trading up 3%.

- At 9.30am UK time, we have the UK employment data for July that's expected to come in line with last month's numbers, followed by the US production number.

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