Christopher Nelson-Smith of http://www.cityindex.co.uk/ presents the daily market update for 2nd of August 2011. Headlines include:
- We have seen another shaky start to trading in Europe this morning as US debt concerns continue to linger.
- The FTSE is down 15 points at 5759, the French CAC is down eight points at 3580, the German DAX is down 24 points at 6929 and Dow Jones Futures are currently down 31 points at 12009.
- The best performing stocks so far today are National Grid, HSBC and Fresnillo, after posting better-than-expected first-half results.
- The worst performing stocks are Hargreaves and Shire following a downgrade by JP Morgan.
- Keep an eye on Barclays, Xstrata and Devro today, all of which will be announcing first-half results.
Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.
