Dow Jones retreats on better housing data

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Source: Dukascopy Bank SA
Dow Jones Industrial Average rebounded on Tuesday lifted by report which showed US home prices climbed 1.3% in April, the first gain since autumn 2012. Blue chip soared 0.26% or 32.01 points and settled 12,534.67. On the upside energy shares recovered from previous slump with Chevron Corp adding 1.9% and Exxon Mobil gaining 1.4%. On the downside Kraft foods slipped 2.2%. Trading volumes were 12% below 3-month average.

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Wed, 27 Jun 2012 10:01:20 GMT

Hang Seng index rallies on returned hopes for stimulus

Hang Seng Index led the gains during Asian trade on Wednesday though it spent morning session into red area. Analysts explained the advance in Hong Kong markets with investor willingness to buy shares cheaply ahead of Chinese macroeconomic indicators few weeks ahead. More traders start to anticipate nation's soft landing, analysts claimed. Hang Seng index gained 0.80% or 152.81 points

Wed, 27 Jun 2012 12:20:41 GMT

Retail sales tax could curb Japan's economic growth in 2014

Japanese PM Yoshihiko Noda may harm country's economic growth by allowing to implement higher sales tax. The drop in consumption is very likely even though tax increase will help to tackle nation's debt burden. The lower house of Japanese parliament yesterday approved a motion to lift sales tax from current 5% to 8% and then to 10%. Analysts warn the tax

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