U.S. stocks gain on higher forecasts for employment

Note: This section contains information in English only.
Source: Dukascopy Bank SA
U.S. shares advanced on Friday for the third consecutive week, after positive employment data prompted for higher forecasts and budget agreement is likely to be reached in Washington. The employment rate dropped to the lowest level in four years to 7.7%.
The S&P 500 surged 0.1% to 1,418.07. The gauge is 0.7% down since Barack Obama was re-elected in the presidential election, as the President is trying to agree with Republican lawmakers on the next year's budget to avert the so called ‘fiscal cliff'.

All but one sector within the index edged higher with Basic Materials gaining the most by 0.94%, followed by Financials and Consumer goods that advanced 0.70% and 0.69%, respectively. The only sector that lost was Technology, down -0.70%. The biggest gainers were Avon Products gaining 5.33%, Mcgraw-Hill Companies surging 4.16% and Adt Corporation Common Stock W adding 3.81%. The company that lost the most was Big Lots by losing 5.72% and Best Buy Co. that tumbled 2.99%. Apple inched lower 2.56%, after it introduced new margin rules for the investors saying how many Apple shares can be owned by a firm. One more reason could be not issuing a special dividend was done by other companies, such as Oracle Corporation.

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Mon, 10 Dec 2012 15:53:49 GMT

Greece extends buyback deadline on December 11

The Greece's debt buyback was extended by one day from the earlier last Friday deadline to the new deadline set on December 11, in order to meet the buyback target of 30 billion euro as a precondition of the country's creditors to approve the next financial package for the debt-burdened economy. Media in Greece reported the country received 27 billion

Mon, 10 Dec 2012 16:10:15 GMT

Greece extended a deadline for its debt buyback

Greece announced extending a deadline to 11 of December in order to attract more proposals from bondholders, as the Public Debt Agency revealed on Monday. The country has a plan to reduce its debt by buying bonds back with a par value of 30 billion Euros to upgrade its debt profile. Greece will spend 10 billion Euros for bonds

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