US stocks and Euro advance as Berlusconi agree to step down

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP
US equities and Euro currency experienced increase, offsetting previous losses as Premier Silvio Berlusconi offered to quit. His resignation reinforced optimism a new PM will tackle the country's debt crisis. Standard & Poor's 500 Index jumped 1.2% and closed at 1,275.92 in New York trading session while Euro surged against 11 out of 16 major counter currencies and reached $1.3839.

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Wed, 09 Nov 2011 09:22:43 GMT

China’s equities keeps declining

Chinese stock market has been deteriorating in last two days as railway companies and developers express their concern the parliament will not abandon property restrictions even under conditions of falling sales and decreasing rail investment. Shanghai Composite Index lost 0.2% or 5.96 points closing at 2,503.836 while CSI 300 Index lost 0.3% reaching 2,727.71.

Thu, 10 Nov 2011 13:17:52 GMT

British Pound to reach a monthly record high against Euro

The Pound is about to reach one-month record high against Eurozone currency. The appreciation of Pound takes place ahead of Berlusconi's budget vote and suggest British assets to be safe investment. On Nov 1 EUR/GBP reached 0.8548, the highest since Oct 4. Today the Sterling traded 0.8574 pounds per euro at 9.06 a.m London trading session.

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