US stocks likely to open higher

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Source: CNN Money

US futures rallied ahead of American first trading session in 2012 indicating that shares could also open higher and extend gains as manufacturing data from emerging economies are lifting investor optimism. Futures on Dow Jones Industrial Average gained 1.7% while those on S&P 500 surged 1.8%. Futures on Nasdaq Composite soared 2%. Stock futures signal probable direction of markets after opening. 

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Tue, 03 Jan 2012 13:57:14 GMT

FTSE 100 rallies on the first day of trading in 2012

UK benchmark FTSE 100 advanced sharply on Tuesday, catching up gains after bank holiday on Monday. FTSE 100 gained 0.9% or 52 points, reaching 622.55. Appreciation in the index was driven by mining companies as Rio Tinto PLC added 4.6%, BHP Billiton PLC climbed 3.5%. Kazakhmys PLC rose 3.2% while Xstrata PLC increased 3.3%. Mining shares surged after positive data on Chinese manufacturing. Engineering shares also recovered with

Thu, 05 Jan 2012 09:47:06 GMT

Greece may need additional fiscal measures

Greece may need extra fiscal measures to comply with 2011 budget requirements, said the government spokesman. Moreover, the interim government developed 'very specific' measures to pursue the goal of staying in the Euro Zone, the official added.

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