S&P 500 index makes a highest daily jump for 2012

Source: Dukascopy Bank SA
S&P 500 index rallied on Wednesday, posting the biggest daily gain for the year, lifted by investor hopes for fresh stimulus to economic growth. US benchmark rocketed 2.30% or 29.63 points and closed at 1,315.13. Iron Mountain jumped 13.8% after document-storage firm raised quarterly dividend by 8% and announced it will transform to a real-estate investment trust. The leading hydraulic-fracturing services provider Halliburton fell 3.5% after predicting weaker margins and citing higher raw material costs. 

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Thu, 07 Jun 2012 14:11:28 GMT

Asian shares benefit from possible monetary easing

With investors' growing hopes that Europe and the U.S. may loosen monetary policies to combat with the progressing economic concerns, the Asian market benefitted with a boost during Thursday trade. The Asian shares that advanced were Japan's Nikkei Stock Average with a 1 per cent jump, Kospi – 2.7 per cent, Hong Kong's Hang Seng Index – 1.4 per cent, and the Shanghai Composite

Thu, 07 Jun 2012 13:49:26 GMT

The U.S. may have greater impact on Asia than Europe

According to Moody's, if the financial anxiety reaches the U.S., the entailed repercussions could be significantly more severe for Asia, which currently has to cope with the negative influence of crisis in Europe. Repercussions of the turmoil in Europe could result in Asian production declining by 5% within a one year period. In contrast, if the U.S. is pulled into the financial distress,

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