Gold prices fell

Note: This section contains information in English only.
Source: The Wall Street Journal
Gold prices fell to their lowest level in four months due to the renewed Eurozone concerns gain attention. Greece appears to be unable to form a government, while Hollande's victory in the France's presidential election increased worries concerning possible tensions between France and Germany. Gold futures for May delivery decreased by 2.1% to $1604 an ounce. 
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Wed, 09 May 2012 10:23:32 GMT

Stocks in Switzerland reach lowest level this year

Unresolved coalition dillema in Greece depressed stock prices of Swiss companies to the bottom level this year. Swiss Market Index dropped by 0.4% to 5953.74 and Swiss Performance Index shrank 0.3% during morning trade. Actelion and Novartis AG lost 1.3% and 0.7% of their value respectively. Holcim managed to experience 1.2% gain after promising to present cost-cutting plans next week. 

Wed, 09 May 2012 08:47:34 GMT

Moody's prepares to downgrade banks

Moody's Investors Service is going to downgrade credit ratings of no less than 100 banks this month. This would raise their financing costs and force them to limit their lending. UBS AG, Credit Suisse Group AG and Morgan Stanley could be downgraded by three levels on their long term debt. JPMorgan Chase, Goldman Sachs and HSBC Holdings by two levels. Bank of

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