Pick of the early market news

Updated
City of London
City of London

A long list of FTSE 100 corporates were slugged yesterday; financial and miners absorbed the bulk of hits with the board finishing at 5,222. Expect the gloom to continue on a lack of a deal for the US 'super-committee' tasked with finding $1.2 trillion in savings. Another humiliating downgrade may be en route for the world's biggest economy. There will be quite a blame game today.

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