FTSE 100 index lower on Greece downgrade

Source: Dukascopy Bank
British FTSE 100 index maintained downward trend on Wednesday as Euro Zone Purchasing Manger Index unexpectedly fell in February, renewing worries about recession risk and Fitch Ratings downgraded Greece from CCC to C. Vedanta Resource provided the main negative contribution to the index, giving up 4.8%. On the negative side were also Marks& Spencer and Carnival Corp, dropping 1.6% and 1.5% respectively. At the moment of writing FTSE 100 index is 0.25% or 14.58 points lower at 5,913.62. 

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Wed, 22 Feb 2012 16:01:03 GMT

Coffee's outlook changes to negative on the expected oversupply

Grain commodities faced some losses after Tuesday's rally as news as stronger China's demand for US grain exports appeared to create short-living momentum. At the same time, sugar and coffee show relative stability posting slight gains over the week. Sugar continues moving up even despite expected oversupply in the market in the current season. Coffee advanced despite fears that current

Wed, 22 Feb 2012 15:41:45 GMT

S&P 500 slightly up after holiday

S&P 500 index traded almost flat on Tuesday as investors returned from holiday. US stock index climbed 0.07% or 0.98 points and finished at 1,362.21 supported by oil shares. Marathon Oil surged 2.3% and Tesoro Petroleum gained 2%. Wynn Resorts jumped 6% on news it will purchase Japanese gambling giant Kazuo Okada's 20% stake at a large discount. Netflix tumbled

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