Dow Jones soared on Friday on Eurozone's optimism

Source: Dukascopy Bank SA

US blue chips surged on Friday, with all companies included in Dow Jones Industry Average posting gains. Positive US consumer confidence data and optimism over Eurozone lifted stock prices. Moreover, easing speculation after disappointing US GDP data for Q2 pushed equities higher. Dow Jones Industry Average skyrocketed 1.46%, being supported by health care and base materials sectors. Merck & Co surged 4.04% after the pharmaceutical firm announced better than expected results for Q2. Pfizer also followed bullish trend, rising 1.40%. Meanwhile, commodity producer, Alcoa, gained 3.37%. Oil and gas companies also climbed on higher oil prices. Exxon Mobil and Chevron advanced 1.07% and 0.86%.


 

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Mon, 30 Jul 2012 13:08:47 GMT

Japanese shares climbed on easing speculation

Japanese equities extended previous gains on Monday, with Nikkei 225 rising 0.80% to 8,635.44. Speculation that the ECB and the Fed will ease their monetary policies in view of deteriorating economic situation boosted Japan's stocks. However, an unexpected decline in June's industrial production and continuous appreciation of the Yen capped the upswing. Consumer goods producers, Takara Holdings and Kirin Holdings,

Mon, 30 Jul 2012 14:26:47 GMT

Spain's, Italy's bonds rally on stimulus pledge

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