Europe stock futures gain ahead of German data; copper and wheat up

Source: Bloomberg
European stock futures inched higher ahead of a report expected to show German investor sentiment increased for a second consecutive month. The Euro Stoxx 50 Index futures advanced 0.9%, while those on S&P 500 Index rose 0.1% in London. Copper surged 0.8% in London, while wheat gained 0.6% in Chicago.
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Tue, 16 Oct 2012 10:10:19 GMT

S&P downgrades Spain's largest lenders

Standard & Poor's trimmed its credit ratings on Banco Santander SA (SAN) and Banco Bilbao Vizcaya Argentaria SA (BBVA), Spain's major lenders, together with nine other banks after decreasing country's sovereign rating to BBB-/A-3 last week, S&P reported on Tuesday. The agency downgraded Santander's long-term counterparty credit rating from A- to BBB-.

Tue, 16 Oct 2012 09:26:22 GMT

Brent Oil premium reaches one-year high

Brent oil premium against WTI has reached one-year peak, as the difference has climbed to $24.28 a barrel during New York trading session. Oil premium rises as investors are concerned about possible supply disruptions from the North Sea region and the Middle East. Also, markets stay cautious as the European Union tightens up Iran's energy exports sanctions. Investors of oil

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