U.S. equities advance as central banks continue stimulus measures

Source: Dukascopy Bank SA
U.S. blue chips rose, as China pledged to maintain its growth target of 7.5% and investors look forward to more monetary stimulus measures from central banks. The S&P 500 Index advanced 1% to close at 1,539.79. All ten groups in the S&P 500 gauge edged higher. TripAdvisor Inc. posted biggest gains in the index with its shares rallying 4.8% to $47.68, adding to the 0.8% surge in consumer services group. Technology sector jumped 1.6%, the most in the gauge, as Micron Technology Inc. soared 3.9% to trade at $8.37 at its close after its stock rating was upgraded to "buy" at MKM Partners. Furthermore, Molson Coors Brewing Company added 3.9% to $46.97 on speculation the leading producer of beverages expands internationally. On the downside, J.C. Penney Inc. erased 11%, or $1.78, to $14.96 amid news Vornado Realty Trust sold off 10 million shares. Intuitive Surgical slid 2.9% to cap gains in health care group.
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Wed, 06 Mar 2013 07:13:04 GMT

Rupee rises on optimism inflows to emerging markets will increase

India's Rupee advanced the most in more than a week amid the U.S. service industry improvement, which spurred stocks to a record high, will increase inflows to emerging markets. The Rupee rose 0.5% to 54.6700 per U.S. Dollar at 10:10 a.m. in Mumbai, the biggest advance since February 25. One-month implied volatility declined 10 basis points to 9.62%.

Wed, 06 Mar 2013 19:33:03 GMT

WTI oil advances from this year's low

West Texas Intermediate oil bounced off from the lowest level of this year on Tuesday, as U.S. shares advanced amid company earnings data and as the Federal Reserve decided to continue with its stimulus programme. WTI oil for April delivery increased 0.5% to $90.59 after it fell to its lowest level since December 24 on Monday to $90.12.

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