The markets have opened cautiously lower still from yesterday s close

Following quite heavy falls across major indices yesterday, the markets have opened cautiously lower still from yesterday’s close. It appears markets are still concerned over […]


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  • Following quite heavy falls across major indices yesterday, the markets have opened cautiously lower still from yesterday’s close.
  • It appears markets are still concerned over Europe’s debt, and Spanish and Italian bond yields soaring yesterday, Spanish bonds reaching 6 percent.
  • In Europe, FTSE currently trading at 5585 down about 10 points, DAX is trading at 6630, so flat from yesterdays close and the CAC also flat at 3220.
  • Amongst the biggest FTSE risers are G4S and Weir Group, up 3% and 2%. But a host of mining companies including Fresnillo, Kazakhmys and BHP Billiton also amongst the main risers, showing signs of a rebound in the sector, after yesterdays losses.
  • Amongst the fallers, BT is down 1.7% after a receiving a broker downgrade.
  • Gold prices steadying today at 1660, after rallying strongly yesterday. US Crude oil is trading at 10150.
  • EUR/USD up 0.2% at 1.3108, and GBP/USD up 0.3% at 1.5910. Again most currencies and commodities showing some signs of rebounds from yesterday’s moves.
  • In economic data, German Wholesale Price Index figures were slightly better than expected. And later today we have the Monthly Budget Statement from the US.

 
See the City Index Economic Calendar and Companies Reporting Dates page for latest economic news and company events that are likely to impact the markets today.

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