Wheat futures decline on the demand for US exports

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Source: Forexpros
© Scanpix/reuters

Wheat futures decreased for the third consecutive day being close to one-week low as the competition for US commodity exports weight down the market sentiment. On the Chicago Mercantile Exchange, wheat futures for delivery in March were traded at USD6.0988 a bushel at the early European trade, tumbling by 0.51% since opening.

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Wed, 07 Dec 2011 14:13:22 GMT

Europe's stocks decline on pessimism in the euro-zone

European stocks slide lower at the afternoon trading after Germany opposed the reports claiming the probable running of two bailout funds to stimulate regional growth. The Stoxx Europe 600 index lost 0.1% to 241.58, the German DAX 30 index was steady at 6,025.33 and the French CAC 40 index added 0.2% to 3,186.05.

Wed, 07 Dec 2011 14:58:11 GMT

UK Manufacturing output drops in October

UK industrial output declined more than was previously predicted by economists as escalating European debt crisis hurt demand for UK's export goods. Factory output lost 0.7% compared to September which is the biggest drop since April, said Office for National Statistics today. On yearly basis, however, manufacturing output added 0.3%.             

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