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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Dow Jones end the day up 217 points on Friday

Article By: ,  Financial Analyst
August 6, 2012 3:26 PM

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  • We saw the Dow Jones end the day up 217 points on Friday to finish the week at a level of 13096 after breaking a four-day losing streak.
  • The market was driven forward by the US Non-Farm Payroll figures coming in at 163k, well above the anticipated figure of 95k.
  • This morning, the FTSE 100 is trading up seven points to 5794, but has remained just short of breaking the psychological barrier of 5800.
  • As the euro crisis rumbles on, Italys PM Mario Monti said disagreements within the 17-nation euro area are undermining the future of the currency bloc, and stressed a need for greater urgency in efforts to lower government borrowing costs.
  • On a separate note, inspectors from the Troika have concluded talks in Athens, with Greece’s new coalition government offering a further €11.5bn of austerity measures in order to meet their bailout targets.
  • According to the IMF, the talks went well and will resume in early September.
  • This has been Nick Holloway for City Index, thank you very much for watching.

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