National Grid, Vodafone and M&S prices fall - Market Update, 1st June 2011





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Uploaded on Jun 1, 2011

Bookmark http://www.cityindex.co.uk/market-ana... to keep track of all the latest financial news. Here, Edward Dewhirst of spread betting and CFD trading provider City Index brings you the key activity shaping the markets on 1st June 2011.

- A positive day yesterday saw the FTSE close up 51 points and the Dow Jones close up 128 points. The markets have started flatter here in Europe today.

- The FTSE is down 3 points at 5986 and Dow Jones Futures are currently down 10 points so far.

- Dividend factors knocked 16.83 points off the FTSE Index today, with National Grid, Vodafone and M&S amongst others losing their dividend attraction.

- These are the three biggest fallers, down 3.5% and 2.5% respectively.

- Rio Tinto is the biggest gainer, up 1.5% currently as Citigroup gave it a favourable outlook and as peer BHP Billiton received an income tax credit of $580million from the Australian government.

- At 9.30am (UK time) manufacturing data will be released in the UK while at 1.15pm (UK time) we have US ADP non-farms employment change -- a precursor to Friday's big non-farm payrolls data.

Visit http://www.cityindex.co.uk/spread-bet... for more spread betting insights from City Index.

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