S&P 500 index recovers from initial loss and finishes slightly lower

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Source: Dukascopy Bank SA
S&P 500 index began the session with sharp losses before Supreme Court decision over President Obama's health care law. Financials fell on news JP Morgan trading loss could reach USD 9 billion instead of earlier estimated USD 2 billion. US benchmark shed 0.21% or 2.81 point to 1,329.04. Genworth Financial jumped 11% on rumours hedge fund Highfields Capital Management is considering raising value of its stake. Family Dollar Stores gave up 2.8% after discounter cut its estimate for net profit 2012.


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Fri, 29 Jun 2012 09:25:39 GMT

Nikkei 225 index rallies on the Brussels summit decision

Japan's shares rallied on Friday sending Nikkei 225 index 1.5% or 132.67 points higher to 9,006.78. Markets experienced an uplift after Eurozone leaders conceded to relieve repayment criterion for emergency loans to Spain's lenders and ease potential aid for Italy at the summit in Brussels dealing with the debt turmoil. Export shares contributed positively to the index with Sony Corp

Fri, 29 Jun 2012 11:39:25 GMT

China's Industrial Companies Profits decline

Profits of Chinese industrial companies shrank for a second consecutive month in May owing to economic slowdown. According to the National Bureau of Statistics, income declined by 5.3% from 2012 to USD61 billion. It is expected that the Chinese government may introduce measures to foster economic growth by stabilizing international trade and investing in infrastructure development. 

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