FTSE 100 index down on crude prices

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Source: Dukascopy Bank SA
UK FTSE 100 index retreated from yesterday's 1.2% gain weighed down by oil resource shares and banking equities as oil prices approached longest weekly loss in 13 years and Fitch downgraded Spain. BP PLC dropped 1.4%, BG Group PLC lost 1.6% and Royal Dutch Shell PLC fell 1.5%. Royal Bank of Scotland sank 1.7% and Lloyds Banking shed 1.5%. Disappointing statements from Federal Reserve yesterday also affected the index negatively. At the moment of writing FTSE 100 is trading 0.7% or 40 points down at 5,409.2. 

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Fri, 08 Jun 2012 17:50:32 GMT

Euro stock on decline, DAX off 0.22%

On Friday, stock markets in Europe closed lower on poor German export, Spanish sovereign downgrade. Fitch rating agency significantly decreased Spanish credit rating, German exports slipped 1.7%, compared to an expected 0.7% decline. European trade closed with EURO STOXX 50 0.03% increase, France's CAC 40 declined by 0.66%, and German DAX 30 fell by 0.22%.

Fri, 08 Jun 2012 20:24:29 GMT

U.S. trade balance decreased more than expected

On Friday, the Bureau of Economic Analysis reported that the United States' trade balance declined from −52.6 billion last month to −50.1 billion, which is more than expected since analysts had predicted it to be −49.5 billion. The figure for the preceding month was revised from −51.8 billion.

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