London, England -- (SBWire) -- 09/27/2011 --Spread betting provider City Index (http://www.cityindex.co.uk/) takes a look at the financial activity shaping the markets on 22nd September 2011.
Negative economic outlooks emerging from the US have caused European stock markets to decline in value this morning (September 22nd).
An announcement from the Federal Reserve across the Atlantic yesterday, in which it signalled that the American economy is struggling to get back on its feet in the wake of the worldwide financial slump, has had a knock-on effect on indices in Europe.
Investors are evidently becoming more risk-averse at the moment as they seek to purchase only assets that are perceived as safe havens, prompting many experts in the industry to move away from currencies altogether in favour of commodities like gold.
Jonathan Sudaria, trader at London Capital Group, told Bloomberg that this announcement from the Fed has resulted in a "fleeing" from anything seen as risky, such as all stocks in the eurozone.
For instance, as of 10:39 BST, the benchmark Stoxx 600 index had fallen by 3.58 per cent since trading opened earlier today.
Find out how you can spread bet on the move with City Index.
Start spread betting: http://www.cityindex.co.uk/spread-betting/start-spread-betting.aspx
Start CFD trading: http://www.cityindex.co.uk/cfd-trading/start-trading-cfds.aspx
* Spread betting and CFD trading are exempt from UK stamp duty. Spread betting is also exempt from UK Capital Gains Tax. However, tax laws are subject to change and depend on individual circumstances. Please seek independent advice if necessary.
About City Index
Today more and more individual traders are discovering the benefits of derivatives, and many of them are discovering them through a City Index trading platform.
As a group, we transact in excess of 1.5 million trades every month for individuals in over 50 countries worldwide. We provide access to a wide range of instruments including margined foreign exchange, CFD trading and, in the UK, financial spread betting.
We constantly look to widen the range of assets we offer, improve the performance of our platforms and expand the range of services we provide. The result is that our customers benefit from innovative trading tools with transparent pricing, competitive spreads, and a high standard of customer service and support. Visit http://www.cityindex.co.uk/ for more information.
European Stocks Slide After Fed's Bleak Outlook