Join Sophia Ziaee of City Index (http://www.cityindex.co.uk/) as he brings you the latest news from the trading floor on Monday 19th September 2011:
Britain's FTSE 100 index is seen falling on this morning, following weakness overnight in Asia, with the mood gloomy after disappointing developments out of Europe over the weekend.
Markets were keenly awaiting a two-day U.S. Federal Reserve policy meeting on Tuesday and Wednesday that may hint at further measures to bolster the world's biggest economy.
The UK benchmark already has shed 110 points, on track to snap a four-day winning streak even though the index closed up 30.87 points, at 5,368.41 on Friday.
Japanese markets were closed for a public holiday.
Finally in the United States today President Obama is set to present his recommendations for cutting federal budgets.
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