European equity futures gain ahead a report on EU economy

Source: Bloomberg
The Euro Stoxx 50 Index futures were up by 0.3% to 2,628 points in the very early London trading session on Friday. European equity futures advance before a report on the Euro area manufacturing and service situation. Also, investors were awaiting progress in the U.S. budget issue. The main companies today are: UBS, which can be fined by $1 billion on charges to rig global interests, and BP Plc, prospects of which were downgraded by Credit Suisse Group.
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Fri, 14 Dec 2012 11:32:58 GMT

S&P cuts Britain's credit outlook amid weak economic and fiscal performance

British economy's AAA credit rating outlook by Standard and Poor's was cut from 'stable' to 'negative' on Thursday with a one-in-three chance it will be downgraded within two-year horizon as the government debt is rising and the performance of economy is weaker than current expectations. Moody's Investors Service and Fitch Ratings already ranked UK among countries with 'negative' outlook.

Fri, 14 Dec 2012 11:11:01 GMT

Corn drops amid weak US exports

Rural commodities tumbled on Thursday on mounting concerns that US budget clashes will slow economic expansion thus eroding demand for farm commodities. Broadly stronger US Dollar in combination with falling demand for US exports created notable pressure on the commodity group.Wheat slid as demand for US exports continued to deteriorate. USDA reported that US wheat export sales attained 309,700 metric

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