Dow gains 0.7% on signals of property market rebound

Source: Dukascopy Bank SA
Dow Jones Industrial Average advanced 0.74% or 92.34 points on Wednesday and settled at 12,627.01 lifted by positive news on US manufacturing and real estate market. Additionally investors regained hopes for extra monetary stimulus in China. Financials rallied sending the index higher for the session. JP Morgan Chase soared 3% and Bank of America gained 2%. All sectors but consumer services edged higher with financial industry adding 1.7%.

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Thu, 28 Jun 2012 13:29:23 GMT

Hang Seng retreats and finishes 0.8% down on Thursday

Hang Seng Index edged higher on Thursday's morning trade but retreated later and finished the day into negative area giving up 0.79% or 151.68 points to 19,025.27. Analysts associate the drop in the index with investor doubts over the outcome of EU summit. Heavyweight HSBC Holdings gained 1.6% on Reuters report the lender prepares to sold its stake in Indian

Thu, 28 Jun 2012 14:24:23 GMT

Wheat rose on potential crop forecast cut

Rural commodities, excluding coffee, soared on Wednesday as weather conditions in the main growing regions remained unfavorable while anticipation of the EU summit continued to put investors off riskier assets.Wheat extended previous gains on speculation that USDA will cut its forecast for 2012-23 production in July. Moreover, traders are cautious ahead of USDA export sales report release due on Thursday.Corn

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