S&P 500 index 0.25% down on Monday

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Source: Dukascopy Bank
US S&P 500 Index maintained downward path on Monday, weighted down by investor concerns over indebted Portugal and Greece. S&P 500 closed 0.25% or 3.32 points down at 1,313.01. The index experienced a steep fall during the session but managed to erase most of losses as technology and telecommunication shares rose. Gannet Co and Staples Inc., were the main losers, giving up 7% and 5% respectively. On the upside was drilling company Nabors Inds Ltd. which added 3.51%. 

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Tue, 31 Jan 2012 14:56:06 GMT

Euro Zone unemployment rate unchanged in December

The jobless rate in the Euro Area was 10.4% last month, unchanged from November, said Eurostat on Tuesday. The reading matched previously made predictions. The number of jobless people in the Euro region increased by 20 000, reaching 16.469 million in December. The unemployment level of 10.4% is the highest figure since January 1999.

Tue, 31 Jan 2012 15:00:27 GMT

German unemployment falls more than predicted

Jobless rate in Germany declined more than expected in January, reaching 20-year record low. The number of unemployed people fell by 34 000, reaching 2.85 million. Economists earlier predicted a decrease between 8000 and 10 000. The adjusted unemployment rate eased from 6.8% to 6.7% indicating Germany is moving towards better performance than rest of Euro Area nations. 

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