S&P 500 at its record high

Source: Dukascopy Bank SA
U.S. shares rose, with the S&P 500 Index advancing to trade within two points of its record high level, as data showed claims for unemployment benefits declined unexpectedly  last week to touch their lowest in eight weeks. The Standard & Poor's Index jumped 0.6% to 1,563.23, the highest level in more that five years. All groups in the index edged higher. Energy stocks posted gains, as Chesapeake Energy Corp. climbed 5.2% for the biggest rally in the gauge. Wpx Energy Inc. followed with a 4.9% advance and Noble Corp shares soared 4.6%, also adding to the 1.2% surge in oil and gas sector. On the downside, E*TRADE Financial Corp dropped 8.2%to close at $10.85, as Citadel LLC plans to sell the rest of its equity stake in the online brokerage company after E*TRADE neglected its request to hire a bank that would help maximizing shareholders value. E*TRADE stocks have lost 97% of their value since 2007. Furthermore, Cliffs Natural Resources Inc. was also among the top losers with a 4.5% decline to halt a further increase in basic material shares that rose 0.7%.

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Fri, 15 Mar 2013 09:38:07 GMT

U.S. Dollar rally ends on Friday

The U.S. Dollar's streak of gains came to an end on Friday session as technical indicators signalled that advances may have come too fast and the Japanese Yen appreciated after the country's parliament approved a nominee of PM Shinizo Abe for the central bank governor. The greenback was at 96.03 per Yen after hitting a 3-1/2-year high of 96.71 on

Fri, 15 Mar 2013 08:56:06 GMT

Australian Dollar is traded close to a 5-week high

The Australian Dollar, also called the Aussie, dropped by 0.1% to $1.0371 against the U.S. Dollar in the end of Sydney trading session on Friday. That was close to yesterday's high, as the pair reached a $1.0401 level, the highest since 6th of February. Investors trade the Aussie positively before the minutes of the Reserve Bank' meeting on 19th of March.

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