S&P 500 Index jumps, lifted by banks

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Source: Dukascopy Bank
S&P 500 Index rallied on Wednesday supported by the financials on the upside. US benchmark index added 1.11% or 14.37 points and finished at 1,308.04 with all 10 sectors posting gains. Goldman Sachs jumped 6.8% after the bank reported 58% or less than expected drop in profits. Morgan Stanley, which due to report earnings on Thursday morning, also advanced 6.8%. Gains were partly offset by companies that reported disappointing 4th quarter earnings. State Street Corp. tumbled 6.6% and Bank of New York Mellon Corp. plunged 4.56%. 

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Thu, 19 Jan 2012 14:11:07 GMT

Hang Seng advances on PBOC capital injections

Hong Kong's Hang Seng Index climbed 1.30% or 256.03 points on Thursday to 19,942.95, led by financial stocks, as investor sentiment was fuelled by PBOC announcement about capital injections in the market are easing of lending and reserve restrictions. China Construction Bank Corp added 2.7% and insurer AIA Group surged 3.2%. Commodity stocks also rallied in Hong Kong's stocks exchange

Thu, 19 Jan 2012 12:15:22 GMT

Gold finds supports in the IMF decision to boost lending capacity

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