8th August 2012
With little economic data to take into account today (August 7th), the FTSE 100 got off to a cautious start this morning.
The headline news was provided by Standard Chartered bank as its shares fell on the back of news that it faces the possible withdrawal of its New York banking licence.
US authorities are investigating the bank over the possibility that it has been laundering money to Iran.
The UK blue chip index closed at 5,808.77 yesterday - its highest closing level since May - on the back of better than expected US jobs data and fresh hopes that Spain will be granted a bailout by the European Central Bank.
Although there was some industrial and manufacturing figures for June released today, investors will be waiting to see if the Bank of England (BoE) respond to a sluggish start to the third quarter with further quantitative easing.
Begin trading today! Create an account by completing our form
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.