Factory orders in Germany increased essentially in October

Source: Forexpros

Factory orders in Germany increased much more than projected after experiencing a decline in September. The factory orders soared by 5.2% on a seasonally adjusted basis in October as compared to 1.0% previously expected. Factory orders increased by 5.4% on an annualized rate in October after rising at 2.4% rate in proceeding month.

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Tue, 06 Dec 2011 13:34:38 GMT

Corn futures decline on downgrade warnings of S&P

Corn futures declined to two-month low amid rising competition for US exports. Moreover, concerns on the recent warning by Standard & Poor's to lower 15 euro-zone members credit ratings weighted down on the commodity price. On the Chicago Mercantile Exchange, corn futures for delivery in March were traded at USD5.8312 a bushel at the early European trade, falling by 1.27% since opening.

Tue, 06 Dec 2011 14:06:50 GMT

FTSE 100 fluctuates amid Italian debt reduction and S&P announcement

On Monday UK's benchmark index closed 0.3% up, on hopes European officials are ready to take crucial actions to tackle crisis. However, FTSE 100 opened lower on Tuesday morning trade after Standard & Poor's reported it may downgrade 15 Eurozone countries. Index lost 0.2% in morning trade led by mining stocks as Vedanta Resources PLC declined 2.3% and Eurasian Natural Resources Corp. PLC gave up

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