Edward Dewhirst of City Index (http://www.cityindex.co.uk/) presents the award-winning spread betting provider's daily summary of news from the trading floor, including news of: - European markets have started October in the same manner as they ended September. - After the FTSE finished down 68 points at 5128 on Friday, we have seen a further sell off in equities, with the FTSE currently down 110 points at 5018 after briefly slipping below the psychological level of 5000 in early trading. - With equities struggling, traders are again looking towards gold as a safe haven, pushing the metal up $32. - This is positive for Rangold Resources who are currently the only positive company in the FTSE, up 0.5%. - Banks are dragging the markets down this morning, with Barclays down 5% while RBS is down 4% and Lloyds is down 3.5%. - We also have Burberry down 6%, the biggest faller, back to levels last seen in April. This is despite a positive broker recommendation by Goldman Sachs, which raised its price target on the luxury retailer to £22 - almost double their current share price. - On the macro front we have manufacturing figures coming out today, with UK figures due at 9.30am while U manufacturing data will be released at 3pm (London time). Find more market analysis videos and reports from City Index at http://www.cityindex.co.uk/market-analysis/ Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.