Downward revision of US growth pushes S&P 500 down

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/Reuters

On Tuesday S&P declined for the fifth session in a row dropping 0.4% or 4.94 points and closing at 1,188.04. Utility and energy companies led the decline while consumer staples and health care were the best players among 10 industries. Hewlett-Packard Co a blue-chip company lost 0.8% after Meg Whitman, chief executive recommended investors to reduce expectations about fiscal performance in 2012.

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Wed, 23 Nov 2011 14:09:22 GMT

German bond auction signals deepening crisis

The sale of German 10-year notes worth €6 bn attracted bids worth only €3.889 bn. Bundesbank was forced to pick up remaining €2.356 bn. According to Nick Stamenkovic, RIA Capital's fixed-income economist, the poor auction indicates that investors are turning away from Eurozone. Germany's 10-year yields increased by 12 bp reaching 2% in the secondary market.

Wed, 23 Nov 2011 14:07:09 GMT

Sterling weakens against US dollar on BOE announcement

The British Pound reached six-week record low against Greenback after Bank of England in its meeting minutes reported greater stimulus might be needed. Monetary Policy Committee also decided to stick to key borrowing rate at 0.5% and leave the amount of quantitative easing worth $428 bn unchanged. The pound lost 0.4% reaching $1.5569 in London trade. Hydeskov, chief analyst at Danske Bank in London expects Pound

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