Market are seeing a bounce on the weak dollar and a potential Irish bailout.

Markets wobble on worries over Ireland, UK inflation, and China.

FTSE down on US dollar strength and Chinese data.

Markets have a topsy turvy Friday after Chinese and Irish news.

European markets slightly lower following renewed sovereign debt concerns but rise in commodity prices pushes up mining and energy stocks.

Markets drop slightly ahead of Non Farm payroll figures

In 1973, three brilliant economists, Fischer Black, Myron Scholes, and Robert Merton, discovered a mathematical Holy Grail that revolutionized modern finance. The elegant formula they unleashed upon the world was sparse and deceptively simple, yet it led to the creation of a multi-trillion dollar industry. Their bold ideas earned Scholes and Merton a Nobel Prize (Black died before the prize was awarded) and attracted the elite of Wall Street. In 1993, Scholes and Merton joined forces with John Meriweather, the legendary bond trader of Salomon Brothers. With 13 other partners, they launched a new hedge fund, Long Term Capital Management, which promised to use mathematical models to make investors tremendous amounts of money. Their money machines reaped fantastic profits, until their theories collided with reality, and sent the company spiraling out of control. The crisis threatened to bring markets around the world to the brink of collapse.

One day left till the big meeting at Churchill Downs takes place. The European’s have taken over a list of track stars to take on the competition over the Breeders Cup weekend. Can Zanyetta win her 20th race to make it 20 out of 20? With serveral big names getting the wide draw it could be interesting! Be Lucky

Markets are cautious as we await the US FED’s announcement on QE2.

Watch the latest daily Market Update from IG Index. Financial spread betting with the UK’s number one provider (Source: Investment Trends).