What Next for the FTSE 100? City Index Provides Traders With Valuable Market Insights

LONDON, September 15, 2011 /PRNewswire/ --

August 2011 saw markets plunge across the world, sparking a sell stampede which marked one of the worst trading weeks for European stock indices in some time. On 5^th August alone, the FTSE 100 lost over 3%, weighed specifically by heavy falls in Royal Bank of Scotland.

However on Tuesday 31^st August 2011 the FTSE gained more than £36m in value as investors reacted positively to better-than-expected news following the bank holiday weekend.  Joshua Raymond, Chief Market Strategist at City Index (http://www.cityindex.co.uk/), immediately urged traders to be cautious with their positions: "With such an intense focus on any news, data or event that could trigger price moves, the rally we have seen [on 31^st August] remains open to early bouts of profit taking and choppy trading."

This soon proved to be the case as the FTSE 100 lost over 2% going into the close having rallied 5% in the first two trading days of the week, and continues to trade choppily. Taking a view of market activity on 8^th September 2011 was City Index's Giles Watts. He reported: "European stock markets endured a choppy trading session today as investors battled to second guess what actions the BoE and ECB were likely to take in the ensuing months after both central banks kept their respective interest rates on hold."

Award-winning spread betting firm City Index regularly provides traders with the latest market insights from the trading floor. Visit the company's Market Analysis section to view financial news, daily market commentary, video updates, company reporting dates and an economic calendar.

Traders can also sign up for a free two-week trial of the City Index daily newsletter to receive the latest analysis, market news and broker recommendations via email on a daily basis.

Find out more about trading the FTSE 100 with City Index at http://www.cityindex.co.uk/

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