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 20th September 2011.
The Nikkei has fallen as the market has been affected by the news Italy has had its credit trading cut by Standard & Poor's (S&P).
At the close of trading today (September 20th), it had dropped by 142.92 points - or 1.61 per cent - as the eurozone crisis continues to have an effect globally.
During the day the index - which is changing the makeup of the stocks used to calculate the Nikkei 500 Stock Average - had fallen as low as 8,704.23 points, but managed to stage a recovery to finish at 8,721.24.
A trader at a Japanese brokerage was quoted by Reuters as saying: "Foreign investor selling seems to be tapering off for now. But the market will remain susceptible to headlines from Europe."
S&P downgraded Italy by one notch to A/A-1, while its outlook has been kept negative, which has sparked fears that the problems could spread to other European countries.
See the City Index Economic Calendar for more information on the latest market moving events.
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