Dow unchanged amid eurozone's concerns

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Source: Dukascopy Bank SA
© Scanpix/AFP
Dow was flat on Monday amid mounting worries over the US fiscal cliff. Adding pressure on the US blue chips index, Eurogroup of finance ministers delayed a decision regarding the next tranche of Greek bailout to November 20. However, hopes that China's economy will meet its growth targets this year boosted US stocks. The Dow Jones Industrial Average Index was unchanged and closed at 12,815.08. Four in nine sectors advanced. The top-gainers were industrials and consumer services. Shares of Boeing, 3M and Caterpillar climbed 0.6%, 0.42% and 0.27%, respectively. Meanwhile, Walt Disney added 0.83%. At the same time, lenders moved lower. Travelers Cos, American Express and Bank of America dropped 0.80%, 0.56% and 0.42%, respectively. On the downside were also health care companies and basic materials. Johnson & Johnson and Merck & Co shed 0.27% and 0.07% while El du Pont de Nemours slumped 0.48%.


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Tue, 13 Nov 2012 14:40:41 GMT

The Swiss PPI slips more than forecast in October

The Swiss producer price inflation dropped more than expected in October on Central Bank's decision to prevent the Swiss franc being too strong. According to a report from Federal Statistical Office, the benchmark slid to a seasonally adjusted -0.1%, instead of forecast 0.2%, down from 0.3% the prior month. Compared with last year's October, producer and import prices added 0.4%, exceeding the rally of 0.2%

Tue, 13 Nov 2012 16:29:48 GMT

US stocks were flat on looming fiscal cliff

US stocks inched up on Monday, balancing between recent positive data form the domestic economy and mounting worries over the looming fiscal cliff. The market sentiment was also dampened by dismal quarterly GDP data from Japan and concerns over Greece's bailout plan. The S&P 500 Index added 0.01% to close at 1,380.00. Six out of ten sectors within the index

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