Fiona Cincotta of City Index (http://www.cityindex.co.uk/) brings you the latest market news affecting your financial trading.<br /><br />Headlines include:<br /><br />- FTSE down 30 at 5840, tracing falls on Wall Street and Asia overnight.<br /><br />- Continued possibility that US could default on its debt.<br /><br />- Last night some republicans refused to back a budget deficit plan proposed by their own congressional leader.<br /><br />- Given the deadlock, traders are likely to be risk averse heading to the weekend.<br /><br />- European debt worries also revived after rating agency Moody's placed Spain AA2 rating on review for possible downgrade.<br /><br />- Macro economic data today:<br />13:30 US GDP<br />13:45 US PPI<br />14:55 University of Michigan Sentiment<br /><br />For more valuable trading tips from City Index, sign up for a free seminar or webinar at http://www.cityindex.co.uk/learn-to-trade/<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.
