U.S. shares down as Europe afraid of losses on deposits

Note: This section contains information in English only.
Source: Dukascopy Bank SA
U.S. stocks dropped on rising concerns that the Cyprus's banking system's restructuring plan will cause losses on deposits in other European banks as well. The S&P 500 Index declined 0.3% to 1,551.69 after surging 0.5% earlier. All sectors in the gauge posted losses. Ebay Inc. lost 3.7% for the biggest slump in the index, as investors became cautious about a possible update in tax regulation for online sales. Red Hat, the largest Linux operating system software seller, followed with a 3.6% decline to $48.99 after the company's stock rating was downgraded to market perform by Michael Turits at Raymond James & Associates Inc. Textron Inc. was the third biggest loser, as it slipped 3.5% to $29.69 and paced losses in industrial sector that was 0.8% down. Among best performers was Apollo Group that jumped 7.1% to $18.25, as the company posted higher than expected second-quarter earnings and sales.

Back to articles

Actual Topics

Tue, 26 Mar 2013 08:56:01 GMT

GBP/USD slides to the weekly PP

The Cable maintains correlation with other greenback peers and slightly depreciated to the weekly pivot point level at 1.5177. The pair is still firmly positioned in the upper part of Bollinger band, but movement there demonstrates low volatility and absence of desire to breach upper levels.

Tue, 26 Mar 2013 11:52:07 GMT

Slovenia's industrial output falls in January

Slovenian industrial output dropped in the month of January mainly due to an annual 17.6% fall of mining and quarrying output and a 2.5% decrease in manufacturing production, a report released by the Statistical Office of the Republic of Slovenia showed on Monday. Year-on-year, industrial production tumbled 1.8% in January and it slipped 0.2% on a sequential basis in the

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.