29/10/13 Market Movements
Markets closed up, 48.91 points at 6,774.73 today.
No movements to report.
The Dutch bank, Rabobank has been fined over $1bn by regulators over the Libor rate-rigging scandal. The FCA said that the bank had “poor internal controls” which led to traders and Libor submitters attempting manipulation.
In other news, it was reported that U.S. consumer confidence fell in October from 80.2 to 71.2. This is unsurprising however, as it was during the budget and U.S. debt impasse. We expect U.S. consumer confidence to gradually return.