London, England -- (SBWIRE) --09/27/2011 -- Spread betting provider City Index (http://www.cityindex.co.uk/) takes a look at the financial activity shaping the markets on 19th September 2011.
The FTSE 100 is down this morning (September 19th) after a weekend of frustrating talks between eurozone finance ministers.
As of 09:48 BST, the index has dropped by over 100 points to 5,268.18, with major banks Barclays and Lloyds Banking Group among the biggest losers.
It was hoped that discussions around tackling the eurozone crisis would lead to a plan being drawn up, but this did not happen.
The FTSE 250 has taken an even bigger hit, with it down by 178.08 points in the morning's trading so far.
Concerns are rising on the London Stock Exchange as Greece edges closer to default, which could have a detrimental effect on many investors.
Finance ministers from around Europe will now wait until mid-October before deciding whether or not they will approve the final part of Greece's €110 billion bail-out package.
Greek prime minister George Papandreou has cancelled a planned trip to the US in order to help guide his country though its current economic hardships.
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