Australian S&P/ASX 200 index rallies on Tuesday

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Source: Dukascopy Bank SA
Australia's S&P/ASX 200 index rallied on Tuesday as China prepared to add more stimulus to the slowing economy. Australian benchmark jumped 1.14% or 46.40 points and closed at 4,114.40 fuelled by miners and energy shares. Fortescue Metals Group rocketed 7.5% and Rio Tinto surged 2.2%. Oil providers Woodside Petroleum and Linc Energy soared 2.7% and 14.9% respectively. The index gained extra support from higher than expected newly built home sales in April. Sales jumped 6.9% from March. 

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Tue, 29 May 2012 10:08:02 GMT

Gold continues to advance as palladium soars

Eased concerns over Greece's exit from the single currency area seemed to stimulate demand for gold and palladium, as well as other precious metals. Gold futures for June delivery added 0.4 percent to  USD 1,574.80 per ounce on NYME. The actively-traded contract for August delivery climbed 0.4% to USD 1,577.40 per ounce of gold. These gains follow a loss of 1.4 percent last week. July

Tue, 29 May 2012 08:57:01 GMT

Nikkei 225 recovers on China stimulus

Japan's Nikkei Stock Average pared losses on Tuesday session as Chinese government approved measures to boost consumer spending. Nikkei 225 index climbed 0.74% or 63.93 points and closed at 8,657.08. Construction machinery producer Komatsu gained 2.8%. Japanese biggest shipping line Nippon Yusen rallied 4.4% after Credit Suisse upgraded its stocks to outperform. On the downside electricity related companies declined. Kansai

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