US stocks fall as Italian yields soar

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Source: Bloomberg
© Scanpix/Reuters
US equities plummeted on Wednesday pushing Standard & Poor's 500 Index in three-month low on concern European officials will not be able to save Eurozone as Italian bond yields reached a record. S&P 500 lost 3.7% to 1,229.10 in New York trading session, meaning that about 11 of its stocks dropped for each one that advanced on U.S. markets. Dow Jones Industrial Average slid 3.2% to 11,780.94. Nasdaq Composite gave up 3.9% to 2,621.65.

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Thu, 10 Nov 2011 08:58:26 GMT

Chinese exports slows down on euro debt crisis

In October China's exports advanced at the mildest pace in two years as Eurozone debt turmoil harmed region's demand putting pressure on Chinese government to stimulate growth.  Overseas shipments increased by 15.9% compared to previous year and trade surplus reached $17 bn lower than all Bloomberg survey estimates. According to Ken Peng BNP Paribas SA economist in Beijing, a further decline in growth rate is expected. 

Thu, 10 Nov 2011 13:17:52 GMT

British Pound to reach a monthly record high against Euro

The Pound is about to reach one-month record high against Eurozone currency. The appreciation of Pound takes place ahead of Berlusconi's budget vote and suggest British assets to be safe investment. On Nov 1 EUR/GBP reached 0.8548, the highest since Oct 4. Today the Sterling traded 0.8574 pounds per euro at 9.06 a.m London trading session.

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