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Miners Offset Sovereign Debt - July 26th Market Update

2011-07-26 4 Dailymotion

Go to http://www.cityindex.co.uk/market-analysis/ for more trading insights. Stuart Jackson of City Index brings you the key activity shaping the markets on 26th July, including news of a flat day for the FTSE.<br /><br />Headlines include:<br /><br />- FTSE flat at present as some decent results from miners and energy stocks have offset ongoing concerns over sovereign debt.<br /><br />- UK second quarter GDP came in at 0.2%, which was marginally above some analysts' predictions.<br /><br />- On the FTSE, BP dropped 2% on the open while elsewhere BG Group gained 3 percent.<br /><br />- BP's underlying results fell short of forecasts, while BG Group posted a 27 percent year-on-year jump in profit in the second quarter.<br /><br />- US July consumer confidence is due out at 3pm, with an expected decline forecast, as compared to the previous month's figure.<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.

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