Dow Jones extends its gains on positive jobless data

Source: Dukascopy Bank SA
Most U.S. blue chips rallied, as a report showed the number of jobless claims fell more-than-expected, bolstering optimism over the world's largest economy. First-time unemployment benefit claims slid to 332,000, down 10,000, in the week ended March 9. The Dow Jones Index rallied 0.6% to close at 14,539.14. The benchmark index is currently trading at its highest price-to-earnings ration in the last two years at 14.2. All but one group edged higher. Hewlett-Packard Co climbed 2.9% to $21.93 for the biggest rally on Dow to pace gains in tech shares. Technology group jumped 1.5%, the most among all nine groups. Furthermore, International Business Machines extended its gains for a second day, as the company's head of services is shifting more researchers to tackle customer problems. IBM aims at increasing its sales revenue up to $20 billion by 2015. JPMorgan & Chase rose 1.7% to$51.00.

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Fri, 15 Mar 2013 10:55:07 GMT

WTI gains for second straight day on Friday

West Texas Intermediate oil advanced for a second straight day on Friday heading for its second weekly gain, at the same time May Brent crude futures advanced 0.3%, but it has declined 1.4% this week and is poised to its weakest weekly performance in eleven months. April West Texas oil futures advanced 34 cents to $93.37 a barrel on NYMEX

Fri, 15 Mar 2013 10:33:05 GMT

New Zealand's PMI rises in February

Manufacturing activity in New Zealand advanced at the fastest rate since February 2012 with the seasonally adjusted Purchasing Managers' Index increasing from 55.2 points in January to a level of 56.3 the following month, a report released by the BNZ and Business NZ showed on Friday. The report also said New Zealand's production recorded its highest level since December 2004

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