Visit http://www.cityindex.co.uk/spread-betting/ for breaking spread betting news. Here, Alexandra Coote brings you the latest market insights from the trading floor of City Index on 23rd May 2011.<br /><br />Headlines:<br /><br />- 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. <br /><br />- Ratings agency Fitch had downgraded Greece’s credit rating. <br /><br />- Italy’s credit rating was also cut from stable to negative by Standard and Poor’s.<br /><br />- Out of the FTSE, 98 stocks are trading down, with no break out profits today.<br /><br />- Elsewhere in Europe, the DAX is down 100 points, the CAC is down 62 points and Dow futures are down 63 points.<br /><br />- In forex, GBP/USD is currently trading at 1.6178, while EUR/USD is trading at 1.4016.<br /><br />Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.
