S&P 500 index tumbles on Greek default threats

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Source: Dukascopy Bank
S&P 500 index fell sharply on Friday as European finance ministers blocked bailout funding for Greece until parliamentary approval of austerity plan. S&P 500 index dropped 0.7% or 9.31 points to 1,342.64 with all 10 industries posting losses. NYSE Euronext jumped 4.5% after its revenue and profit outperformed Wall Street expectations. First Solar tumbled 10.5% after the firm announced a construction interruption is likely to impend sale of solar project to Exelon. 

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Mon, 13 Feb 2012 10:35:22 GMT

Asian stocks climb on Greece austerity approval

Asian markets advanced on Monday after Greek parliament voted in favour of nation's austerity plan. Japan's Nikkei Stock Average added 0.58%, South Korea's Kospi gained 0.6% and Australia's S&P/ASX 200 index surged 0.9%. Hong Kong's Hang Seng Index soared 0.5% but Shanghai Composite Index was the only of the leading Asian indexes that traded flat. 

Mon, 13 Feb 2012 09:45:31 GMT

US federal deficit sums up to USD 27.4 billion

In January US government deficit was USD 27.4 billion. Receipts totalled USD 234.3 billion while expenditure summed up to 261.7 billion. Overall January monthly shortfall was USD 22.4 billion less compared to January 2011. Although the deficit has decreased substantially, it still will be around 7% of GDP this year. 

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