Join Sophia Ziaee on Monday 31st October 2011 as she brings you all the latest news from the trading floor of City Index (http://www.cityindex.co.uk/):<br /><br />Headlines include:<br /><br />- It has been a ghoulish start for the markets this morning as the initial euphoria over last week's euro bailout deal is starting to slide.<br /><br />- Overnight it was a weak day's trading in Asia, where Japan's Nikkei index closed 0.7% lower. The FTSE 100 has already shed 51 points, this morning trading around 5650.<br /><br />- Mining stocks, the perennial measure of economic optimism, are leading the fallers. Kazakhmys, Vedanta, BHP Billiton and Xstrata are all down 3% or more.<br /><br />- For some currency traders, there is also upsetting news this morning as The Japanese central bank waded into the currency markets selling yen and buying US dollars.<br /><br />- This intervention - the third this year - was provoked by the yen hitting all-time highs against the dollar.<br /><br />- It was good news for Barclays this morning as they announced third-quarter profit increased by 5 percent, beating estimates, even as the sovereign debt crisis hurt investment banking revenue. <br /><br />- It seems the overstated market reaction to last week's European bailout package will be tested this week with scepticism already rising about the durability of the measures announced.<br /><br />Find out more at http://www.cityindex.co.uk/<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.
