European markets drop amid US debt jitters and weak earnings

[ronaldfx]

Equities over the European session are broadly lower once again today, as anxiousness spreads throughout the marketplace given the US Congresses failure to reach agreement regarding the debt ceiling. What´s more, weak quarterly earnings by the likes of British oil giant BP, as well as Swiss banker UBS exasperate an already risk-off environment.

In London, the FTSE 100 is already off some 30 pips or nearly 0.50% while the Frankfurt-based DAX and Paris-based CAC 40 decline by 0.42% and 0.95% respectively. Shares for BP are down some 2.67% on the UK market, while UBS drops 2.73% over the Swiss exchange.

Source: FXCC

[fxsatria]

Today Euro also face great crisis, mostly for Greek. be aware for trader who want to trade using EUR/USD because many broker increasing margin requirement. more detail about this you can see here Notice of important information to LiteForex clients