S&P 500 posts a third straight weekly gain

Source: Dukascopy Bank SA
U.S. shares rose for a second consecutive week, with the Standard & Poor's 500 Index trading within 5 points of a record high on better-than-expected retail sales and unemployment claims data that bolstered optimism on the world's largest economy. The S&P 500 Index climbed 0.6% to 1,560.70. Four out of ten groups in the index edged higher. CenterPoint Energy Inc. jumped 7.2% for the biggest rally in the gauge, as the utility company agreed to form a master-limited partnership, paving a way to follow for other utility firms. Furthermore, DIRECTV, a digital television entertainment provider in the U.S., advanced 4.5% to $54.99 to cap further losses in telecommunications shares that slumped 1.1%. Bank of America lifted financials and rose 3.8% to $12.57. On the downside, Intuitive Surgical to drag down health care shares that was 0.3% lower. KLA-Tencor slid 4.2% and closed at $52.65.

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Mon, 18 Mar 2013 11:51:07 GMT

Wheat depreciates for a second day on signs that supplies increase

Wheat futures for May settlement were lower by 1.4% to $7.175 per one bushel on the Chicago Board of Trade during Singapore trading session on Monday. Volume was more than twice bigger than the 100-day SMA. Investors traded on speculations that supply from Russia and the EU will increase. Also, Cyprus problems put a pressure on commodities to step lower.

Mon, 18 Mar 2013 13:19:06 GMT

WTI drops amid levy by Cyprus on savings

West Texas Intermediate oil declined on Monday falling from its highest level in three weeks after the Eurozone's finance ministers decided to raise 5.8 billion euros by putting a levy on Cyprus bank savings, which brought worries about recovery in Europe. April WTI oil futures decreased $1.31 to $92.14 a barrel on the NYME after climbing to $93.45 on March

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