Decrease in Standard & Poor’s credit ratings for lenders from Bank of America Corp. to Goldman Sachs Group Inc. Copper and oil has made global equities fall (for the first time in three days). Also, the action resulted US stock futures to slide down.

According to recent reports, the MSCI All Country World Index fell by 0.5% at 8:03 am in London whereas on the other hand, the Stoxx Europe 600 Index also decreased by 1% (marking its first drop in four days).

S&P 500 Index futures slipped by 0.8%, euro weakens by 0.3% against dollar and 0.2% against the yen, copper slumped by 2.2% and oil retreated from a two-week high in New York, said the report further.

Slower economic growth and Europe’s mounting debt crisis are some big troubles that many firms are facing in the market and are trying to overcome their units from the terrible situation. But, S&P’s downgrading of some of the world’s biggest lenders have made it more difficult for the struggling firms to get a solution. Rather, the degrading has pressurized all such firms a lot.

Inspite of setting a target for the firepower to seek a greater role in International Monetary Fund’s fight against the debt crisis, euro-area finance ministers have approved enhancements to the European Financial Stability Facility.

“Major Banks are under pressure and this is happening globally because of the funding issues in Europe”, Mr. Anthony Crescenzi, Executive Vice President at Pacific Investment Management Co. said. “Regulators will be sure to keep the fire under the feet of bankers to ensure that their balance sheets are fortress-like. This will keep pressure on earnings”, he added.