Markets worried over ECB’s ability to deliver

<p>Watch the latest market news from the floor of City Index with Fiona Cincotta. Headlines include: – FTSE trading lost 6 points on ex-dividend but […]</p>

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Watch the latest market news from the floor of City Index with Fiona Cincotta. Headlines include:

- FTSE trading lost 6 points on ex-dividend but is trading is also down 0.5%

- The index is steadying after sharp falls in the previous session, where it closed below 5700 for the first time since August 2.

- This drop reflects investor concerns over the ability of the ECB to deliver the goods on the bond buying scheme.

- This uncertainty means that risk off is the short term strategy implemented, so miners are suffering particularly this morning.

- BP has lost 4% as the US department of Justice has ramped up its rhetoric against BP for the oil spill in 2010.

- It’s a quiet day with regards to economic data both here and in UK.

- Attention will firmly be on the ECB meeting tomorrow.

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