After a positive start to the day, the FTSE has just turned negative

<p>After a positive start to the day, the FTSE has just turned negative, down 8 points at 5887. Earlier this morning rating agency Moody’s threatened […]</p>

The video cannot be shown at the moment. Please try again later.

  • After a positive start to the day, the FTSE has just turned negative, down 8 points at 5887.
  • Earlier this morning rating agency Moody’s threatened to downgrade Britain from its triple A status, however investors took this in their stride with fairly little impact on the blue chip index.
  • The ratings agency has also threatened to downgrade France and Austria and has downgraded Italy Spain and Portugual.
  • Trading volumes remain weak today. Barclays is showing signs of strength as two brokers raised recommendations. Bunzl is the top gainer of the day, rising 3%.
  • In economic data, UK CPI came in a 3.6%. Across the pond, US retail sales were announced at 1.30pm GMT.

Join our live webinars for the latest analysis and trading ideas. Register now

GAIN Capital UK Limited (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.