Dow advances on positive estimates over earnings

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Source: Dukascopy Bank SA
U.S. blue chips advanced on Monday as earnings season was set to kick off. The Dow Jones Index rose 0.3%, or 48.23 points, to 14,613.48. Consumer goods and services sectors added the most by jumping 1.1% both. Bank of America Corp surged 2% to $12.21, as the bank launched a "video chat" function in its ATMs, enabling to connect a bank worker through ATM. In addition, the company changed the slogan and strategy. The Coca-Cola Co climbed 1.9% to $40.86. The beverage producer plans to invest $700 million in Indonesia till 2016, marking the country as the next emerging market to enter in Asia. Furthermore, Alcoa Inc opened the first quarter earnings season among big companies. The company's profit reached $0.11 per share, beating the estimates of $0.08. The aluminum manufacturer rallied 1.8% to $8.39. Meanwhile, Johnson & Johnson lost 1.1% to $81.11, as JPMorgan Chase & Co downgraded the company's shares to overweight. AT&T Inc followed with a 1% plunge to close at $37.62. Caterpillar Inc declined 0.5% to $84.19, capping further gains in industrial sector.
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Tue, 09 Apr 2013 13:58:08 GMT

Nikkei unchanged on Tuesday

Tokyo Stock exchange traded red on Tuesday as investors raised concerns over the market heating up too fast after BOJ said to increase monthly bond purchases to end the deflation and boost the economy. The Nikkei 225 Index lost 0.24 points to 13,192.35. OKUMA Corp, a machine tool builder, surged 8.9% to 760 yen for a biggest jump on Nikkei,

Tue, 09 Apr 2013 09:35:34 GMT

Gold dives on profit taking, ETPs outflows

Precious metals except for palladium moved lower on Monday as investors sold safe haven assets for profits after Friday's jump in prices. Meanwhile, signs of weakening investment demand also depressed the commodity complex. Gold tumbled on profit taking and a rebound of the U.S. Dollar. The yellow metal also was pressurized by soft investment demand. According to the latest data, holdings

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