S&P 500 index rallies after holidays

Source: Dukascopy Bank SA
S&P 500 index rallied on Tuesday despite unexpected drop in US consumer confidence. Investors returned from a Memorial Holiday and anticipated news about possible China monetary easing and optimistic Greek polls results. US benchmark jumped 1.11% or 14.60 points and finished at 1,332.42. The biggest US coal manufacturer Peabody Energy added 5.6% after Goldman recommended buying its stocks. Western Digital  tumbled 3% after Barclays Plc downgraded the provider of disk drives. 


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Wed, 30 May 2012 10:59:04 GMT

Dow Jones index edges higher on Greek polls

Dow Jones Industrial Average index appreciated sharply on Tuesday as data indicated the American housing market is likely to stabilize. Lower than predicted US consumer confidence did not manage to offset gains for the index. Blue Chip index surged 1.01% or 125.86 points and closed at 12,580.69 with 28 of 30 stocks posting gains. Bank of America rallied 4% as

Wed, 30 May 2012 10:37:03 GMT

Expectations lower for China's stimulus package

China has announced that its current stimulus plan will not be of the same scale as its CNY 4 trillion (USD 630 billion) package in 2008. Ben Kwong, COO of KGI Asia, highlighted that this time the funding will be more sector-specific with some of the key industries being the automotive and rail sector, appliances as well as the government is concerned with taking into consideration

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