US equities jumped on signs of economic recovery

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Scanpix/AFP
US stocks rallied on Thursday amid positive US data releases. US private employment rose more than expected last month while PMI rose to five-month high in October. Market sentiment was further boosted by encouraging consumer confidence reading. US CB consumer confidence reached the highest level since February 2008 last month. The S&P 500 Index soared 1.09% to close at 1,427.59. All but one sector within the index moved higher. The top-performers were basic materials and industrials. Allegheny Technologies and Bemis rose 5.81% and 1.27% while Caterpillar and Cummins jumped 3.35% and 5.52%. Meanwhile, Starbucks added 1.57% after revising up its earnings forecast for 2013. Priceline.Com rose 2.15% after posting a 27% increase in revenue in Q3. At the same time, Tripadvisor lost 2.91% despite reporting a 9.3% jump in Q3 earnings. Netflix dropped 1.96% after rallying 14% on Wednesday on news that Carl Icahn purchased a 10% stake in Netflix.

Back to articles

Actual Topics

Fri, 02 Nov 2012 10:18:26 GMT

U.K. construction PMI grew unexpectedly last month

Markit, a market research group, reported on Friday that British construction sector grew unexpectedly last month, but U.K. firms continued to be cautious about the future. The Markit/CIPS Construction Purchasing Managers' Index climbed to 50.9, the highest since July, compared to a reading of 49.5 in the preceding month. Analysts, however, expected that the index would be equal to 49.1

Fri, 02 Nov 2012 10:51:11 GMT

Corn slumped as US harvest approaches completion

Rural commodities apart from wheat tumbled on Thursday on stronger greenback. Moreover, easing worries over destructive Hurricane Sandy weighted down on the commodity group. At the same time, mounting concerns that  rains in Brazil will delay harvesting lent some support for farm commodities.Wheat was the only gainer, climbing for the second consecutive session. The USDA reported that US winter-grain conditions

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Chcete-li se dozvědět více o platformě Dukascopy Bank CFD / Forex, SWFX a dalších souvisejících obchodních informacích, prosím, zavolejte nám, nebo vám můžeme zavolat my.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.