Markets fell across the board at the start of trading today, after Moody's downgraded Spain's government debt from Aa1 to Aa2 with a negative outlook.
Oil prices also retreated slightly after yesterday's rebound with Brent crude dropping by 0.35% to $115.53, while WTI fell 0.26% to $104.65. Traders are still nervous ahead of a planned day of protest in Saudi Arabia tomorrow. In the UK, the FTSE slumped by 0.63% to 5,900.05 this morning. The top five winners were Schroders, up 1.28% on a strong set of results for 2010, Shire Plc, Imperial Tobacco Group, GlaxoSmithKline and African Barrick Gold. ARM Holdings fell the most by 2.83% while Aggreko, Kingfisher, Standard Life and BHP Billiton also lost. Overnight, US stocks stalled on t...
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