Sterling heads for biggest one-week advance in three years

Source: Bloomberg
© Scanpix/Associated press
The Sterling was headed for the biggest one-week advance in more than 36 months against the greenback, ahead of a report that is expected to show U.S. employment rose at a slower pace than predicted. The British currency traded at $1.5592 as of 7:52 a.m. in London after adding 2.6% against the U.S. Dollar this week, the most in more than 36 months, while the Pound was at 84.98 pence per Euro.
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Fri, 07 Jun 2013 10:00:24 GMT

Europe's shares little changed

European shares changed slightly, after the Stoxx Europe 600 Index declined to the six-week low on Thursday, as the U.S. jobs data are awaited. The Stoxx 600 slid near 0.1% to 291.6 as of 8:04 a.m. London time; however, the index has advanced 4.3% this year to date as most central banks kept their stimulus programmes.

Fri, 07 Jun 2013 09:58:48 GMT

S&P cuts outlook on Brazil rating amid slow expansion

Standard & Poor's lowered the Brazilian credit rating outlook, which said weak economic improvement and an expansionary economic policy possibly might rise Government's debt levels. The S&P announced yesterday that it cut outlook on Brazil's BBB rating, that is two levels higher than junk and matches with Mexico and Russia, from stable. 

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