S&P 500 index down on news from Fed

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Source: Dukascopy Bank SA
S&P 500 index traded lower on Wednesday after the  Federal Reserve lowered its forecast for the US economic expansion from 2.9% to 2.4% in 2012 and said it expects the jobless rate to attain 8.2% in June. US leading index slipped 0.17% or 2.29 points and closed at 1,355.69. Adobe Systems the biggest producer of graphic-design software, dropped 2.7% after predicting sales and profit that missed estimates. Walgreen gave up 2.9 after US largest drugstore chain's rating was lowered from outperform to neutral by Macquarie Group.

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Thu, 21 Jun 2012 11:21:03 GMT

Coppers fell to a 1-week low on fears about global growth

Futures for copper dropped in early European trade on Thursday, following weak data about global economy, and Fed's decision on monetary policy. On the Comex, July delivery futures for copper were traded at USD3.344 per pound, losing 1.3% in European morning trading session. Earlier, contracts were traded at USD3.333, which was a 1.75% fall.

Thu, 21 Jun 2012 11:10:03 GMT

Borrowing costs for Spain continue to rise

Spain witnesses an increase in costs for borrowing as it was selling its government debt on Thursday. Spain's treasure managed to sell five-year government bonds worth EUR602 million at the average 6.072% yield, which was a sharp increase from the last month's 4.752%. Whereas three-year and two-year bonds were sold having the average yield equal to 5.547% and 4.706%.

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