European equities rally on the first session of 2012

Source: Marketwatch

Europe's markets experienced a sharp increase on Monday as better-than-predicted German PMI data lifted investor confidence. Stoxx Europe 600 index gained 1.1% and finished at 247.15. German DAX rocketed 3% led by chemicals and drug producers and closed at 6,075.52. French CAC 40 index advanced 2%, reaching 3,222.30. UK market was closed for a holiday. 

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Tue, 03 Jan 2012 07:58:51 GMT

Aussie and Kiwi rally as Asian markets advance

Australian and New Zealand Dollars sharply appreciated on Tuesday reaching 3-week high as Asian markets rallied on better-than-expected manufacturing data. Aussie strengthened both 0.6% against US Dollar and Japanese Yen to $1.0297 and ВҐ79.12 in Sydney, while Kiwi gained 0.9% to $0.7850 and advanced 0.8% to ВҐ60.32 against Yen. AUD/USD currently is trading at $1.0293 and NZD/USD is trading at $0.7843.

Tue, 03 Jan 2012 07:41:06 GMT

US Dollar weakens on improved manufacturing activity

The US Dollar depreciated against 15 out of 16 major peers as the increase in industrial activity boosted demand for riskier assets. US currency fell for the fourth straight day against its New Zealand counterpart as investors expect surge in American production activity. The Greenback declined 0.3% against the Euro reaching $1.2978 on Asian morning session. Currently EUR/USD is trading at $1.2979.

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