US pre-open: Fiscal cliff concerns still there



LONDON (ShareCast) - The main US equity market averages were being called to fall by about 0.4% at the start of trading.

The above came on the heels of the large bounce-back seen in share prices last week and with investors fixated on the resumption of negotiations between Democrats and Republicans over the impending "fiscal cliff."

DreamWorks Animation was falling sharply in pre-market moves after a poor performance for its "Rise (Xetra: 915677 - news) of the Guardians" film over the Thanksgiving weekend.

Knight Capital Group shares were flying after a person with direct knowledge of the matter said the trading firm expects to receive a takeover proposal.

Analysts at UBS (NYSEArca: DJCI - news) upgraded their view on shares of AK Steel (Dusseldorf: 201413.DU - news) to neutral from sell.

The Federal Reserve Bank of Chicago's national activity index for the month of October fell to -0.56 from -0.00 in the month before.

Front month West Texas crude futures were falling by 0.78% to the 87.61 dollar per barrel mark.

10 year US Treasury yields were falling by 4 basis points, to the 1.65% mark.

Front month West Texas crude futures were down by 0.53% to the 87.81 dollar per barrel mark on the NYMEX.