US stocks rise ahead of holidays

Source: Marketwatch

US stock markets attempted to extend a rally ahead of Christmas holidays with all major indexes closing higher. On Friday Dow Jones Industrial Average gained 1% or 124.35 points and finished at 12,294. S&P 500 Index climbed 0.9% or 11.33 points reaching 1,265.33 while Nasdaq Composite Index advanced 0.7% or 19.19 points to 2,618.64.

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Tue, 27 Dec 2011 07:44:52 GMT

Yen: the best currency in 2011

Strategists name Japanese Yen as the most successful currency of 2011 and predict even further appreciation despite officials promise to intervene again. The improvement of Yen including 4.1% advance against US Dollar depicts worries in world markets as Europe struggles with debt crisis for a second year. Foreign ownership of Japanese debt reaches record high since 2008.

Tue, 27 Dec 2011 07:43:44 GMT

Asian markets extend losses on Tuesday trade

Asian stock markets experienced a decline on Tuesday, as South Korean shares fluctuated and Chinese stocks dropped amid worries about country's economic outlook. South Korea's Kospi erased early gains and closed 0.6% or 11.1 points down at 1,845.11. China's Shanghai Composite lost 0.45% or 10.5 points down at 2,179.02, while Nikkei Stock Average gave up 0.41% or 34.2 points at 8,445.05. Markets in Hong Kong and in

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