US blue chips climbed ahead of GDP, FOMC statement

Source: Dukascopy Bank SA
US blue chips were mostly bullish on Tuesday on speculation that the Fed will leave its easy policy unchanged despite recent positive economic data. Encouraging quarterly reports coupled with strong US housing market numbers also lifted the US stock average. However, dismal consumer sentiment data weighed on equities. US CB consumer confidence plunged to a 14-month low of 58.6 this month compared to a forecast of 64.0. The Dow Jones Industrial Average Index edged up 0.52% to end the session at 13,954.42. Eight out of nine sectors went up. Telecommunications rose the most, with Verizon Communications and AT&T soaring 1.71% and 1.61%. Among other gainers, health care companies jumped 1.43%. Pfizer was the top-gainer, rallying 3.2%. Pfizer announced its Q4 net income reached USD6.32 billion, compared with USD1.44 a year earlier. In the red territory were technology and basic materials stocks. Hewlett-Packard and Cisco Systems dropped 3.17% and 1.33%, while EI du Pont de Nemours and Alcoa sagged 0.39% and 0.22%.
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Wed, 30 Jan 2013 16:06:47 GMT

Nikkei rose on hopes for further Fed easing

Japanese shares soared on Wednesday, tracking gains of US stock market. Market sentiment was further supported by hopes the Fed will continue its easing measures. Boosting exporters, the Yen depreciated against its US counterpart, attaining a 31-month low. The Nikkei 225 Index surged 2.28% to finish above 11,000 for the first time since April 2010. All but one sector rallied.

Wed, 30 Jan 2013 16:22:05 GMT

Wall Street closed higher on Tuesday

The Wall Street closed in the positive area on Tuesday amid mounting hopes that the Fed will decide to continue its loose monetary policy at its meeting on Wednesday. Sending the US stocks higher, quarterly results continued to beat expectations. The S&P 500 Index gained 0.51% to 1,507.84. Eight out of ten sectors included in the index were bullish. The

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