The UK 100 opened down 80 points today

<p>The UK 100 opened down 80 points today, following on from last week’s closing sessions in America and Asia after continued concerns about eurozone debt. […]</p>

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  • The UK 100 opened down 80 points today, following on from last week’s closing sessions in America and Asia after continued concerns about eurozone debt.
  • Ratings agency Fitch had downgraded Greece’s credit rating.
  • Italy’s credit rating was also cut from stable to negative by Standard and Poor’s.
  • Out of the FTSE, 98 stocks are trading down, with no break out profits today.
  • Elsewhere in Europe, the DAX is down 100 points, the CAC is down 62 points and Dow futures are down 63 points.
  • In forex, GBP/USD is currently trading at 1.6178, while EUR/USD is trading at 1.4016.
  • No important British economic data will be released today so investors will be focusing ahead to the second reading for the first third-quarter growth numbers due out on Wednesday for the UK and Thursday for the US.

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