Chambers of Commerce cut UK's expansion forecast

Source: Dukascopy
Chambers of Commerce expects the UK to escape recession but the growth is likely to be slower than initially predicted this year. UK's Chambers of Commerce projected the UK economy to expand by 0.6% in Q1 of 2012 while previously it predicted the UK's GDP to grow by 0.8%. It also outlined that unemployment will hit 2.9 million as compared to the current 2.6 million.
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Mon, 05 Mar 2012 12:04:46 GMT

S&P 500 index 0.3% down on Friday

S&P 500 index closed lower on Friday pushed down by energy shares. US benchmark index lost 0.33% or 4.46 points and closed at 1,369.63. Big Lots tumbled 4% after retailer lowered its earnings forecasts. Peabody Energy slumped 6.5% after Iranian media said  an explosion took place at Saudi Arabia pipeline. Saudi Arabia rejected the news. Alpha Natural Resources fell 5.7%

Mon, 05 Mar 2012 11:19:40 GMT

Crude oil rallies on the Canada's pipeline fire

Crude oil futures gained a spree during the Asian trade on Monday following the Enbridge's report on the fire at its pipeline in Illinois. Moreover, Barack Obama announced that the country may use military force to defend the interests of US in dealing with Iran. Light, sweet crude oil futures for April delivery traded at 107.17 US Dollars per barrel

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