Our (http://www.igindex.co.uk) UK broker ratings report, updated twice per day, helps you identify and track FTSE- and AIM-listed companies affected by a ratings change today.
Financial bubbles can be extremely lucrative for traders, but they can also be extremely dangerous. If you catch them at the right time, you can ride them to financial success, but stay too long and you may find the bubble bursting underneath you.
Wall Street fell back on caution about the global economy, while second-quarter earnings from JP Morgan failed to impress. However, some good news appeared later on in the session with news that Slovakia had bowed to the inevitable and voted ‘yes’ to the expansion of the eurozone rescue fund.
Investors used European debt concerns stemming from Portugal as an excuse to take some money off the table this afternoon, after M&A activity and comments from the Fed failed to spur risk appetite.