US blue chips inched up on positive consumer confidence data

Source: Dukascopy Bank SA
© Scanpix/AP
US blue chips edged higher on Friday on encouraging US numbers. US UoM consumer sentiment jumped to 83.1 on a seasonally adjusted basis in September compared to forecasts of reading of 78.0. However, persistent concerns over eurozone and profit warnings created heavy pressure on the US blue chips index. The Dow Jones Industrial Average Index added 0.02% to end the week at 13,328.85. Four in nine sectors included in the index rose.  The biggest gains poised technology firms and consumer services. Shares of Cisco Systems, Hewlett-Packard and Microsoft advanced 0.82%, 1.12% and 0.86%, respectively. On the downside were telecommunications and financials. AT&T and Verizon Communications tumbled 1.74% and 1.28% while Bank of America and American Express shed 2.36% and 0.99%. Oil and gas companies also retreated amid weak oil prices after the EIA warned that demand for crude oil may weaken after recent price's rally. Chevron and Exxon Mobil dropped 0.88% and 0.15%.
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Mon, 15 Oct 2012 17:39:20 GMT

Japanese shares rose despite weak industrial output

Japanese shares moved higher on Monday amid mounting hopes that the POBC will loosen its prudent monetary policy as China's CPI climbed less than expected last month. Capping the upswing of Japanese equities, the national industrial production tumbled more than expected in September. The Nikkei 225 Index jumped 0.51% to end the session at 8,577.93. Six out of ten sectors

Mon, 15 Oct 2012 16:55:20 GMT

US shares dropped on Friday

US shares slumped on Friday as market participants were concerned that Q3 profits would be lower than forecast. At the same time, upbeat US consumer confidence data limited losses of the US stocks. Meanwhile, traders remained cautious ahead of the key China's data due next week. The S&P 500 Index dropped 0.30% to close at 1,428.59. Four in ten sectors

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