Spain's, Italy's bonds rally on stimulus pledge

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Source: The Wall Street Journal
On Monday, Spanish and Italian bond yields hit their two-week lows on promising pledges from ECB President, Germany's Chancellor and Italy's Prime Minister about preserving the Euro. Spanish 10-year bond yields dropped to 6.59%, the lowest level since July 12. Italian 10-year bond yields tumbled to 5.87%.

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Mon, 30 Jul 2012 12:57:47 GMT

Dow Jones soared on Friday on Eurozone's optimism

US blue chips surged on Friday, with all companies included in Dow Jones Industry Average posting gains. Positive US consumer confidence data and optimism over Eurozone lifted stock prices. Moreover, easing speculation after disappointing US GDP data for Q2 pushed equities higher. Dow Jones Industry Average skyrocketed 1.46%, being supported by health care and base materials sectors. Merck & Co

Mon, 30 Jul 2012 12:46:48 GMT

US stocks closed higher on Friday amid easing hopes

S&P 500 continued its rally on Friday, ending the day with a 1.91% gain. US equities caught momentum after Angela Merkel pledged to put any efforts necessary to save the single currency. Meanwhile, slower than expected US GDP growth pace in Q2 failed to halt stocks' rally.  Traders perceived GDP data as a prerequisite for additional stimulus from the Fed.

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