Dow caps longest winning streak since 1996

Source: Dukascopy Bank SA
Most U.S. blue chips advanced on Wednesday, pushing the Dow Jones Industrial Average towards its longest winning streak since 1996 on better than expected retail sales data in February. The retail sales surged 1.1% in February, gaining for a fifth straight month and bolstering optimism over the nation's economy. The Dow Jones index closed at 14,455.28, up 5.22 points or 0.04%. Five out of nine groups in the gauge edged higher. International Business Machines Corp. rallied 0.72% to its record high price of $212.06, valuing the computer services provider at $236 billion. Boeing Co followed with a 0.7% rise to trigger a 0.03% increase in industrial shares. McDonald's Corp posted the third biggest gain of 0.6% on speculation the restaurant chain will start selling egg-white breakfast sandwich in the U.S. next month to bolster its sales. On the downside, Merck & Co that slid 1% to drag down health care shares by 0.4%. Coca-Cola Corporation retreated 0.95%, as Chinese authorities accused the company for illegal use of GPS device to access confidential information.

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Thu, 14 Mar 2013 08:30:07 GMT

Silver steady on solid investment demand

Precious metals were bearish on Wednesday after upbeat US data raised concerns that the US economy is on solid footing. A recovery of the US economy will mean end of the Fed's easing activities that are supportive for precious metals. However, losses were limited by hopes the ECB and BOJ will provide additional monetary stimulus. Gold retreated from a two-week high

Fri, 15 Mar 2013 08:45:10 GMT

U.S. 10-year notes were little changed at 2.02% on Wednesday

U.S. Treasuries erased losses after an auction of 10-year note yields close to the highest level in an eleven-month period bolstering demand of $21 billion of the securities. The notes recorded a yield of 2.029 % compared to preliminary estimated 2.057%, while the benchmark 10-year notes yield was little changed at 2.02% following an increase to a 2.05% earlier on

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