European indices flat as euro uncertainty remains

<p>There has not been much change in some of the major European indices today (September 19th).</p>

European indices are flat as the region's leaders try to agree on a way to encourage growth.

As of 11:40 BST, both the Euro STOXX and the Dax have barely changed in today's (September 19th) trading, recording 0.02 per cent and 0.04 per cent reductions respectively.

Juergen Michels, chief euro-area economist at Citigroup, told Bloomberg a "huge amount of unanswered questions" remain when it comes to the debt-reduction plans being implemented in Europe.

He added the journey to recovery is still "very, very long" as struggling nations such as Greece and Spain seek to avoid defaulting.

Indeed, Spanish debts reached record highs yesterday, with 9.9 per cent of its banks' total loans now in arrears.

This represents the worst bad loan ratio since the Iberian nation started recording this type of data in 1962, but Spanish prime minister Mariano Rajoy has yet to reveal whether he is going to seek the assistance of the European Central Bank.

Learn all about CFD trading strategies and the European stock market at City Index.

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.