US equities jumped on positive data

Source: Dukascopy Bank SA
© Scanpix/AP
US stocks rose on Thursday amid better-than-expected US figures. US GDP for the last quarter was revised up to 3.1% from 2.8%, while Philadelphia-region manufacturing activity expanded at the fastest pace in eight months in December. US housing market also showed signs of recovery. However, persistent uncertainty over the US budget agreement continued to weight on the US equities. The S&P 500 Index advanced 0.55% to finish at 1,443.69. All sectors within the index swung to gains. The top-performers were financials and basic materials. BB&T and Comerica added 0.44% and 0.83% while Allegheny Technologies and Eastman Chemical Company climbed 1.86% and 1.40%. The top-gainer was NYSE Euronext, surging 34.30% after the company announced that it has agreed to be acquired by ICE for USD8.2 billion in cash and stock. Intercontinentalexchange gained 1.40% after the announcement. On the upside was also Amazon.Com, jumping 1.36% as its Amazon Studios is planning to produce six comedy series pilots.

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Fri, 21 Dec 2012 11:57:17 GMT

Dow climbed; banks led gains

Dow climbed, being supported by upbeat US data.  US economy grew faster than initially estimated in the last quarter. Moreover, manufacturing activity as well as real estate market showed positive signals. However, market participants remained cautious as US lawmakers seem to be running out of time to agree on the fiscal policy. The Dow Jones Industrials Average Index jumped 0.45%

Fri, 21 Dec 2012 12:37:18 GMT

Aussie drops as U.S. Republicans canceled tax vote

The Australian Dollar dropped to the lowest level in more than 2 weeks as U.S. lawmakers cancelled tax vote. The Aussie Dollar weakened 0.3% to $1.0453 from yesterday, after earlier fetching $1.0438, the weakest level since December 4. Australia's Dollar is set for a 1.1% weakly decline, the biggest since 5 trading days ended October 5. 

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