Go to http://www.cityindex.co.uk/market-analysis/ for more trading insights from spread betting and CFD trading provider City Index.<br /><br />Here, Sophia Ziaee brings you the key activity shaping the markets on Friday 2nd September. Headlines include:<br /><br />European shares fell sharply on Friday, snapping a four-session rally, on concerns U.S. non-farm payrolls numbers could further highlight the fragile state of recovery in the world's biggest economy and signal the country was headed for a recession.<br /><br />Britain's FTSE 100 index was seen opening down around 92 points, or 1.7 percent, this morning in tandem with overnight falls on wall street and in Asia.<br /><br />The U.S. non-farm payrolls data is expected to show an increase of 75,000 jobs, although market whispers point to a much lower number at 1.30pm following a decline in the employment component of the Institute for Supply Management's factory activity index on Thursday.<br /><br />European bank shares have already fallen 1.6 percent, with investors trading cautiously after a New York Times report said a suit was being prepared to be filed against big U.S. banks.<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.
