Dollar weakens versus Euro on G-7 meeting

Source: Bloomberg
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The US Dollar depreciated versus Euro and other major counterparts on Wednesday after Asian markets traded higher, reflecting hopes for collaboration between G-7 countries to tackle European debt turmoil. The greenback shed 0.5% against the Euro to USD 1.2512. Currently EUR/USD is trading at USD 1.2482.
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Wed, 06 Jun 2012 09:33:25 GMT

S&P 500 0.6% up on ISM data

S&P 500 index climbed on Tuesday lifted by an improvement in US service activity in May. US benchmark index advanced 0.57% or 7.32 points and finished at 1,285.50. Eight out of ten sectors within the index advanced. SanDisk rallied 5.5% after mobile device memory chip maker was upgraded to outperform by Pacific Crest Securities. The world's largest coffee-shop operator Starbucks

Wed, 06 Jun 2012 08:17:30 GMT

European shares lifted by US service activity data on Tuesday

European equities edged higher on Tuesday, supported by better than expected May service activity indicator in US. Stoxx Europe 600 gained 0.3%, Spanish IBEX 35 soared 0.5% and French CAC jumped 1.1%. Greece extended its sharp drop and plunged 5.1%. UK markets were closed for a holiday. 

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