Dow Jones at its highest level since 2007

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Source: Dukascopy Bank SA
U.S. shares climbed for week, pushing the Dow Jones Index to its highest in five years, as data on U.S. economy topped the forecasts. Purchases in the U.S. rallied to the highest in four years. The Dow Jones Industrial Average jumped 0.6%, or 89.09 points, to 14,089.66, the highest level since October 2007. All but two groups in the gauge advanced. Consumer services surged 0.8%, as Walt Disney Co shares rose as much as 1.4% to close at $55.33. Wal-Mart Stores Inc. also supported consumer services group with a 1.4% advance. The suppliers of Wal-Mart have agreed to pay around $145,000 back in wages to 160 workers at a Cambodian factory after a two-day hunger strike. Furthermore, International Business Machines Corp. added 1.04%to trade at $202.91 by its close and paced gains in the technology shares that were 0.8% higher. Meanwhile, Caterpillar slumped 1.1% dragging down industrial shares.
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Mon, 04 Mar 2013 12:17:04 GMT

Unemployment rate of Spain reached 26.2%, the highest leve since 1975

Unemployment rate of Spain grew to 4.98 million, reaching 26.2% in January. According to the Spanish Ministry of Labor, in January alone, number of jobless people increased by 132,055, after a decline of 59100 unemployed in December. Analysts forecast that 77500 unemployed will add to the figure in the nearest future. Economic expansion of Spain will continue to falter due

Mon, 04 Mar 2013 10:49:04 GMT

U.S. equities higher on Friday

U.S. equities advanced on better-than-forecast economic data that offset concerns over budget spending cuts and Italian parliamentary election. The Standard's & Poor's 500 Index rallied as much as 0.2% to close at 1,518.20 on Friday. The gauge has rallied 1.1% in February, extending its gains for a fourth consecutive month. Seven out of ten groups in the gauge edged higher.

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