S&P 500 index recovers on jobs data

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Source: Dukascopy Bank
S&P 500 index partly recovered from previous losses on Wednesday as data showed hiring advanced in US. The index gained 0.69% or 9.27 points and finished at 1,352.63 with financial shares posting biggest gains. Citigroup Inc rallied 3.5% and Morgan Stanley advanced 3.2%. Valero Energy jumped after its CEO Bill Klesse  said company looks forward to export gasoline and diesel. First Solar kept declining and tumbled 7% as company outlook continued to weaken. Netflix lost 1.8% on disappointing strategy proposed by CEO Reed Hastings.

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Thu, 08 Mar 2012 13:03:39 GMT

Dow Jones Industrial Average rebounds on Greek optimism

Dow Jones Industrial Average index breached its downward path and climbed higher on jobs data amid fading concerns about Greece default. Blue chip index added 0.61% or 78.18 points and settled at 12,837.33 with industrial sector gaining 1.5%. Kraft Foods dropped 1.2% after Jefferies Group downgraded the firm from buy to hold claiming the stock has little probability to outperform

Thu, 08 Mar 2012 12:09:08 GMT

Switzerland's CPI increased by 0.3% in February

Swiss CPI rose more than initially projected in February, reported the Swiss Federal Statistics Office. The CPI accelerated by 0.3% last month, after falling by 0.2% in the preceding month. Experts predicted the CPI to gain 0.2%. Considering yearly moves, the CPI declined by 0.9% in February after tumbling by 0.8% in January. After the news, the Swiss Franc appreciated

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