Greater London, England -- (SBWire) -- 04/27/2011 -- Financial spread betting provider City Index (http://www.cityindex.co.uk/) takes a look at the activity shaping the markets on 15th April 2011. Here, the headlines centre around banks trading down on the FTSE 100.
Banks are trading down on the FTSE 100 today (April 15th), despite the premier stock index itself staying in the green.
As of 11:24 BST, the FTSE 100 was slightly up by 0.20 per cent compared to yesterday's close, but some financial institutions did not enjoy the same success.
Barclays' share price had taken a 1.14 per cent hit, shedding 3.45 points.
HSBC also retreated on the stock index, trading 0.48 per cent lower. Lloyds Banking Group did not escape the share price drop either, falling by 0.93 per cent.
The Royal Bank of Scotland lost 1.47 per cent from its standing, completing the bad trading run for the banks.
Such market patterns were seen following the news that Moody's had slashed the credit rating of Ireland from Baaa1 to Baaa3.
It came despite Standard and Poor's rating the country as having a stable outlook, placing it on BBB+.
Top of the FTSE 100 leader board was Man Group, which enjoyed a share price rally of 3.49 per cent.
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Banks Down on FTSE 100, Has Moody's Ireland Cut Contributed? - CFD Trading and Spread Betting