US blue chips slide; financials cap losses

Source: Dukascopy Bank SA
Dow closed slightly lower on Thursday after disappointing Eurozone's data. Limiting the downswing, US labour market numbers came better than expected. US jobless claims dropped to 341,000 last week, while Eurozone's GDP shrank 0.6% in Q4 of 2012, compared to a forecast of a 0.4% decline. The Dow Jones Industrial Average Index edged lower 0.07% to close at 13,973.39. Only three in nine sectors included in the index finished in green territory. The top-performer was financial industry. Travelers Cos and American Express jumped 0.44% and 0.39% after Berkshire Hathaway and 3G Capital unveiled their plans to buy H.J. Heinz Company. At the same time, energy stocks were mixed. Chevron gained 0.16%, while Exxon Mobil Corp sagged 0.17% amid solid crude oil prices. Dragging the US blue chips index lower, telecommunications and consumer services retreated 0.40% and 0.42%. Verizon Communications and AT&T slumped 0.43% and 0.37%, while Wal-Mart Stores slid 0.80%.
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Fri, 15 Feb 2013 13:32:04 GMT

Japanese shares plummet ahead of G20 meeting

Japanese shares were bearish on Friday as investors shunned riskier assets ahead of a G20 meeting scheduled to start on Friday. Moreover, market players were cautious after Japanese PM Shinzo Abe said he is close to naming a new governor of the BoJ. The data released on Thursday, showing a larger-than-expected contraction in the Eurozone's GDP, also dampened the market

Fri, 15 Feb 2013 13:45:03 GMT

European equity is little changed

The Stoxx Europe 600 Index was lower by less than 0.1% to 287.61 points in early London trading session on Friday. The gauge is ahead to set a 0.1% weekly gain. Market performance is mixed after earning announcements, as PPR SA reported better than expected profit and stock advanced more than 4% and Aker Solutions ASA was lower by 7.1%

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