FTSE 100 flat as investors wait on EU news

Written by admin on December 30th, 2011

Article by City Index

Spread betting provider City Index takes a look at the financial activity shaping the markets on 26th October 2011.Share prices on the FTSE 100 remained flat as traders continued to wait on more news from the European Union summit in Brussels today.

As of 10:09 BST, FTSE 100 stocks were up 0.02 per cent with trading at 5,526.86 with many remaining optimistic on the market.

Despite this, City Index chief market strategist Joshua Raymond warned that the meeting could provide a source of frustration for traders if no agreement is reached.

“The evidence of the last few months towards such a heightened meeting does not bode well, considering that we have now waited months for EU leaders to come together and agree viable plans,” he said.

Meanwhile, on the FTSE 100 CSR share prices were up 6.46 per cent after the telecommunications company posted healthy third quarter profits following a merger with Zoran.

Chief executive officer Joep van Beurden said: “We have delivered revenues in line with management guidance and made good progress on our strategic drive towards higher-margin platforms.”

Elsewhere Findel and ISIS Property share prices rose 9.49 and 4.17 per cent.

The biggest fallers on the market this morning were Punch Taverns with shares down 4.65 per cent and Wincanton who suffered a 6.48 per cent decrease. Spread betting and CFDs are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.Start spread betting: http://www.cityindex.co.uk/spread-betting/start-spread-betting.aspxStart CFD trading: http://www.cityindex.co.uk/cfd-trading/start-trading-cfds.aspx* Spread betting and CFD trading are exempt from UK stamp duty. Spread betting is also exempt from UK Capital Gains Tax. However, tax laws are subject to change and depend on individual circumstances. Please seek independent advice if necessary.About City Index: Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index trading platform.As a group, we transact in excess of 1.5 million trades every month for individuals in over 50 countries worldwide. We provide access to a wide range of instruments including margined foreign exchange, CFD trading and, in the UK, financial spread betting.We constantly look to widen the range of assets we offer, improve the performance of our platforms and expand the range of services we provide. The result is that our customers benefit from innovative trading tools with transparent pricing, competitive spreads, and a high standard of customer service and support. Visit http://www.cityindex.co.uk/ for more information

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