Dow extends its gains on Friday

Note: This section contains information in English only.
Source: Dukascopy Bank SA
U.S. blue chips rose on Friday as the employment climbed more than expected and the jobless benefit applications fell surprisingly, showing growth signs in the U.S. labour market. The Dow Jones Index rose 0.5% to 14,397.07. 22 out of 30 companies posted gains in their share prices. Sectors rallying the most were consumer services and telecommunications. Walt Disney Co grew more than others as its price of share added 1.9% on rising hopes that its new film will be successful. McDonald's Corp, the largest chain of fast food restaurants, followed with an increase of 1.7% as its sales fell less than forecast. Home Depot Inc. closed the top three by jumping 1.6% to close at $71.37. Financial sector was the only that declined during market session on Friday. Bank of America Corp lost 1.55% to $12.07, as it estimated a cumulative net trading loss of $19.7 billion for nine months from Q4 2012 through Q4 2013. JPMorgan Chase & Co also dropped 0.9% to $ 50.20, leading losses in the financial sector. Intel Corp plunged 1.4% to cap further increase in technological stocks that were 0.24% up.

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Mon, 11 Mar 2013 12:11:04 GMT

China's output indicates the weakest start since 2009

China announced that industrial production rose 9.9% and retail sales advanced by 12.3% in the first two months, according to a government report on March 9. However, that was the weakest performance of production data since 2009 and retail sales growth cooled. Economists say that China's economy will face a substantial improvement in demand from the U.S., which just announced a fall

Mon, 11 Mar 2013 11:38:04 GMT

Asian stocks set for a 19-month high on U.S. employment data

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