Visit for breaking spread betting news. Here, Alexandra Coote brings you the latest market insights from the trading floor of City Index on 23rd May 2011.br br Headlines:br br - The UK 100 opened down 80 points today, following on from last week’s closing sessions in America and Asia after continued concerns about eurozone debt. br br - Ratings agency Fitch had downgraded Greece’s credit rating. br br - Italy’s credit rating was also cut from stable to negative by Standard and Poor’s.br br - Out of the FTSE, 98 stocks are trading down, with no break out profits today.br br - Elsewhere in Europe, the DAX is down 100 points, the CAC is down 62 points and Dow futures are down 63 points.br br - In forex, GBPUSD is currently trading at 1.6178, while EURUSD is trading at 1.4016.br br Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.