J.P. Morgan faced 23% profit drop

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Source: Marketwatch
On of US leading banks J.P. Morgan Chase & Co reported 23% decline in its fourth quarter earnings as income from investment banking tumbled. Bank's investment banking division reported a drop of 52% in profit. In total J.P. Morgan posted a net income of $3.73 bn or $0.9 a share compared to $4.83 bn or $1.12 per share a year before.
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Fri, 13 Jan 2012 16:47:15 GMT

Italian borrowing costs of three-year bonds fell to 4.83%

Italy's costs of borrowing decreased at the latest bond auction despite relatively low level of demand. The cost of borrowing on two-year bonds decreased from 5.62% to 4.83% with demand exceeding offer only 1.22 times while on Thursday's Spanish debt auction bids were almost four times higher than the offer.

Fri, 13 Jan 2012 16:47:04 GMT

Gold eases down on stronger US Dollar

Gold futures declined on Friday as economic uncertainty over the Euro Zone increased US Dollar's safe haven appeal while stronger demand from China ahead of the Chinese New Year limited losses. COMEX gold for delivery in February traded at USD1640.45 a troy ounce during the US trading session, on the New York Mercantile Exchange, easing down 0.44% since opening.

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