Sophia Ziaee of City Index (http://www.cityindex.co.uk/) presents the award-winning spread betting provider's daily summary of news from the trading floor, including news of:
- It has been a volatile week for the markets, which are set to continue today with all eyes on the release of US non-farm payrolls.
- In Europe, markets rallied after yesterday's announcement of QE2 by the Bank of England and the ECB statement that it is set to shore up bank liquidity.
- This morning the FTSE 100 is trading up just over 20 points at 5312, registering a 0.4% gain. Lloyds Banking Group is the biggest loser, down 2.4%, while RBS is down 1.7% following a downgrade by Moody's.
- Equities are likely to remain in a tight range until US non-farm payrolls numbers are announced at 1.30pm (UK time).
- Other European stock markets have also edged higher, with Spain's IBEX and Italy's MIB up nearly 0.8%. Germany's DAX has climbed 0.6% while France's CAC has gained 0.4%.
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