US shares slightly recover on ISM services

Source: Marketwatch
US stocks traded slightly better on Wednesday after data showed ISM index for service businesses surged from 53.5 in April to 53.7 in May. S&P 500 index advanced 0.57% or 7.32 points and finished at 1,285.50. Dow Jones Industrial Average climbed 0.22% or 26.49 points to 12,127.95 and Nasdaq Composite gained 0.66% or 18.10 points  to 2,778.11. 
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Wed, 06 Jun 2012 08:17:30 GMT

European shares lifted by US service activity data on Tuesday

European equities edged higher on Tuesday, supported by better than expected May service activity indicator in US. Stoxx Europe 600 gained 0.3%, Spanish IBEX 35 soared 0.5% and French CAC jumped 1.1%. Greece extended its sharp drop and plunged 5.1%. UK markets were closed for a holiday. 

Wed, 06 Jun 2012 07:51:22 GMT

Moody's lowers Commerzbank credit rating

The credit rating of Commerzbank AG, the second largest lender in Germany, was cut by one level to A3. In total Moody's lowered ratings for three banks in Austria and seven banks in Germany. Moody's Investor Service is reviewing also Deutsche Bank AG. 

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