Greater London, England -- (SBWIRE) -- 04/18/2011 -- Spread betting and CFD trading provider City Index (http://www.cityindex.co.uk/) deliver daily news to keep traders abreast of the markets. Today, they look at the effects of the latest earthquake in Japan.

Another 7.1 magnitude earthquake has hit Japan following a shock of the same strength last week and the 8.9 one that occurred on March 11th.

European stocks declined this morning (April 11th) after the natural disaster was revealed, with Bloomberg noting that construction firms and automobile manufacturers were the worst affected during trading.

Indeed, stocks on the continent tumbled from one-month highs, with the Stoxx Europe 600 Index falling by 0.5 per cent, the news resource explained.

Last week, it had advanced by 0.6 per cent and reached the highest level witnessed since March 8th.

As of 11:11 BST, the German DAX was trading down by 0.62 per cent, with the French CAC-40 retreating by 0.1 per cent more than its German counterpart 15 minutes later.

Meanwhile, the FTSE 100 appeared to stand strong, trading roughly flat - up by 0.05 per cent.

Its leader board still contained the Royal Bank of Scotland and Barclays.

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