Watch the latest market news from the floor of City Index (http://www.cityindex.co.uk/) on 2nd November 2011 with Edward Dewhirst. Headlines include:
- European bourses tumbled amid confusion and indecision in Greece.
- The proposed referendum and threat of a snap election to dispose incumbent Prime Minister George Papandreou lead the FTSE to close down 2.2% yesterday.
- The DAX closed down 5%, while in the US the DJIA closed down 2.5%.
- Despite heavy hitters like BP, Shell and GSK, amongst others, going ex-dividend and taking 12.8 points off the FTSE, we see it in positive territory this morning.
- The FTSE index is currently up 15 points at 5436.
- With a recovery in copper prices and a bounce back from yesterday's sell off, miners are leading the FTSE leaderboard, with Kazakhmys up 2% on the day.
- The biggest gainer however is Next, up 5%, after the retailer raised its first year profit target and sales to 4%.
- The biggest fallers unsurprisingly are GSK, down 1.55% and Shell, with both A and B shares down about 1%.
- Lloyds is trading down 3.5% today.
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