FTSE Falls Below Psychological Level - 19th August
cityindex
2011-08-19
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Visit http://www.cityindex.co.uk/market-analysis/ for more market insights from the trading experts at City Index. Here, Alexandra Coote brings you the key activity shaping the markets on 19th August 2011, including a fall for the FTSE, Lloyds, Barclays and RBS:
• The FTSE 100 opened negative this morning and is currently trading down 120 points.
• The DAX is trading down 164 points, the CAC is down 55 points and Dow futures are currently down 152 points.
• The FTSE today has dropped below the 5000 psychological level on fears that a global slowdown would tip major economies into recession.
• Banks are the worst hit, with Lloyds down 7.7% and Barclays and RBS down 6%.
• In currencies, GBP/USD is trading at 1.6513, EUR/USD is trading at 1.4315 and USD/JPY is trading at 76.43.
Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.
• The FTSE 100 opened negative this morning and is currently trading down 120 points.
• The DAX is trading down 164 points, the CAC is down 55 points and Dow futures are currently down 152 points.
• The FTSE today has dropped below the 5000 psychological level on fears that a global slowdown would tip major economies into recession.
• Banks are the worst hit, with Lloyds down 7.7% and Barclays and RBS down 6%.
• In currencies, GBP/USD is trading at 1.6513, EUR/USD is trading at 1.4315 and USD/JPY is trading at 76.43.
Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.
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