Dow closed slightly higher on Friday

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Source: Dukascopy Bank SA
Dow climbed on Friday amid positive signals from domestic economy. US preliminary consumer confidence jumped more than expected this month. Mounting hopes for continuation of stimulus measures also pushed the US blue chips index higher. However, the upswing remained capped by concerns over the US fiscal cliff and Greek budget vote. Meanwhile, investors were also cautious ahead of the Chinese leadership change. The Dow Jones Industrial Average Index added 0.03% to end the week at 12,815.39. Six out of nine sectors climbed. Industrials and telecommunications posted the biggest gains. Boeing and Caterpillar rose 3.20% and 1.54%, while Verizon Communications and AT&T advanced 0.07% and 1.02%. At the same time, consumer services dropped by 1.28%. Walt Disney declined 5.96% as company's quarterly results disappointed Wall Street.


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Mon, 12 Nov 2012 14:06:46 GMT

Germany's wholesale price inflation inched to 11-month high

The Federal Statistical Office reported on Monday that wholesale price inflation increased its pace to the fastest in 11 months in October. The wholesale price index grew to an annualized 4.6% last month compared to a figure of 4.2% in the preceding month. Analysts, however, expected that prices would gain even more and the index would reach 4.9%.

Mon, 12 Nov 2012 14:30:58 GMT

US stocks climbed after consumer confidence data

US stocks rebounded on Friday amid upbeat US data. US preliminary consumer sentiment surpassed forecasts this month, attaining five-year high. At the same time, fading hopes that a leadership change in China will result in more stimulus measures weighted down on US equities. Moreover, worries over looming US fiscal battles and Greek budget vote weighted down on the US shares.

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