China's equities rally most in three years on support speculation

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Source: Bloomberg
© Scanpix/Reuters
The Shanghai Composite Index surged 4.3% to 2,150.63 points in the end of Asian trading session on Friday. That was the biggest gain since October 2009, as the market was driven by speculation that state backed institutions were purchasing shares on a positive manufacturing survey's results, which in turn added optimism and strengthened conviction that the second biggest world economy will rebound and expand further.
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Fri, 14 Dec 2012 10:27:00 GMT

European equity futures gain ahead a report on EU economy

The Euro Stoxx 50 Index futures were up by 0.3% to 2,628 points in the very early London trading session on Friday. European equity futures advance before a report on the Euro area manufacturing and service situation. Also, investors were awaiting progress in the U.S. budget issue. The main companies today are: UBS, which can be fined by $1 billion

Fri, 14 Dec 2012 11:11:01 GMT

Corn drops amid weak US exports

Rural commodities tumbled on Thursday on mounting concerns that US budget clashes will slow economic expansion thus eroding demand for farm commodities. Broadly stronger US Dollar in combination with falling demand for US exports created notable pressure on the commodity group.Wheat slid as demand for US exports continued to deteriorate. USDA reported that US wheat export sales attained 309,700 metric

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