Go to http://www.cityindex.co.uk/market-analysis/ for more trading insights from spread betting and CFD trading provider City Index. Here, Sophia Ziaee brings you the key activity shaping the markets on 8th August. Headlines include:
- Reports suggest the European Central Bank is set to wade into the financial markets today in an attempt to prevent the turmoil in the single-currency area from spiralling out of control.
- Earlier today the ECB stepped into bond markets, backing up a pledge to support Spain and Italy with the aim to prevent financial meltdown in the euro zone.
- Meanwhile, in the UK, It was a volatile start for the FTSE 100 with stocks starting to recover from earlier falls.
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