Go to www.cityindex.co.uk 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. – The market is braced for a bleak quarterly inflation report from the Bank of England later this week, which is expected to confirm the picture of disappointing growth at home and abroad. – Wall Street is set for a sharply lower opening after the unprecedented Standard & Poor’s downgrade of the US government’s AAA debt rating to AA+, and assigned it a negative outlook – The implication is that gold will continue its bull run which included an all time high earlier of 15, while oil will seek a lower support. – So there are plenty of markets to be trading on this week, stay tuned for another market update tomorrow. Visit www.cityindex.co.uk for more spread betting insights courtesy of City Index. Spread betting and CFD trading are leveraged products which can result in losses greater than your initial …
Video Rating: 5 / 5

www.flickr.com/photos/dimenticato/3001505076/
www.flickr.com/photos/dimenticato/tags/davidicke/

FRESH UPDATE: Wind farm UFO ‘like something out of Doctor Who’
Updated Monday 11am – SINCE we first reported sightings of UFOs near the damaged wind turbine at Conisholme we have been inundated with strange theories.
Read more on Louth Leader