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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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European Markets recover from 6 week closing lows

Article By: ,  Financial Analyst
November 22, 2011 10:13 AM

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  •  As Europe recovers from six-week closing lows yesterday, traders still fear the crippling debt that is threatening to drag the world back into recession.
  • The FTSE is up 0.5% at 5245 this morning, the CAC is up 0.8% and the DAX is up 0.5%.
  • All the indexes are looking to recover from yesterday’s lows, which saw the DJIA lose over 2% to close at 11,547.
  • The biggest story this morning is Thomas Cook Group, which has lost three-quarters of its value as it looks to borrow a further £100 million so as not to break its December banking covenant. This has prompted many brokers to cut their recommendation on the struggling travel company – currently trading around 11p.
  • Struggling on the FTSE is fellow travel firm International Airlines Group, down 2%.
  • The biggest faller is Smith & Nephew, down 2.5% following a ratings cut by Citi Group.
  • The insurer Resolution is the biggest gainer, up 3.3% as M&A activity boosted the company’s outlook.
  • Admiral Group is also stronger, up 2¾%.
  • From a macro perspective, we have UK October public sector finance figures at 9.30am (UK time) and FOMC meeting minutes at 7.30pm this evening.

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