US equities inched up on strong US data

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Source: Dukascopy Bank SA
US stocks inched up on Tuesday on persistent support from upbeat manufacturing data. Stronger-than-expected vehicle sales also lifted US stocks. However, the market sentiment was weakened by disappointing news from eurozone. Spain is still uncertain whether to apply for a new bailout this weekend. S&P 500 Index added 0.09% to close at 1,445.75. Seven out of ten sectors within the index advanced. The top-gainers were health care and utility companies, moving higher by 0.49% and 0.42%. AmerisourceBergen and Becton Dickinson added 0.10% and 0.32% while Ameren and American Electric Power advanced 1.08% and 0.59%. On the upside was also MetroPCS, surging 17.80%; the company is talks about merger  with Deutsche Telecom's T-Mobile USA. At the same time, basic materials tumbled as weak demand from China and India is hurting profits. Mosaic, Monsanto and Ecolab tumbled 3.88%, 0.62% and 0.18%, respectively.

 

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Wed, 03 Oct 2012 14:39:45 GMT

US blue chips eased down on eurozone's uncertainty

The Dow Jones Industrial Average Index slid 0.24% to close at 13,482.36. Rising concerns over Spain's bailout weighted down on the US blue chips. However, recent positive data from the US capped the downswing. Only three in nine sectors included in the index gained. The top-performers were oil and gas sector and health care companies. Chevron  moved higher by 0.61%

Wed, 03 Oct 2012 13:33:45 GMT

Cable lower on U.K. services PMI

On Wednesday, the British Pound was traded close to a 3-week low versus the U.S. Dollar, after the U.K. data showed that its services PMI fell last month. GBP/USD reached the lowest since Sept. 13, which was 1.6084, and later consolidated at 1.6001, which was a 0.17% decrease during the European morning trading hours.

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