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Mining sector continues to drag FTSE 100 lower -- IG's Morning Market Headlines 22.06.12

2y ago
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The comments in this video do not constitute investment advice and IG Index accepts no responsibility for any use that may be made of them. Latest financial market news: (all times are London time) Risk appetite firmly off this morning, FTSE is down 50 at 5516 following on heavy losses in US Last night, Moody's eventually downgraded 15 major banks, including RBS, Barclays and HSBC; Lloyds cut in a separate announcement; Bank of America and Citigroup also downgraded RBS hardest hit, Barclays & HSBC also down, but Lloyds actually holding steady US losses accelerated yesterday after Goldmans became bearish on the S&P 500 Eurozone crisis rumbles on: Head of IMF Christine Lagarde calls for resumption of ECB bond buying, which Germans still resist Quiet finish to the week for economic data; S&P 500 to open up 3 at 1327