S&P 500 drops on housing data

Source: Dukascopy Bank
US S&P 500 Index fell on Thursday, weighted down by an unexpected drop in new home sales. US benchmark declined 0.57% or 7.62 points and closed at 1,318.43 with nine out of ten industries posting losses as home sales decelerated 2.2% in December. Main losers were energy and telecommunication shares with E Trade Financial dropping 14.6% and Range resources giving up 6.6%. On upside Netflix rocketed 22% after reporting an unpredicted increase in the number of customers and in the 4th quarter earnings. Time Warner Cable surged 7.8% on better that expected earnings report. 

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Fri, 27 Jan 2012 17:58:02 GMT

FTSE 100 index drops on weaker US data

After climbing 1.3% on Fed announcement yesterday, FTSE 100 index fell back 0.6% on Friday, pushed down by Greek inability to reach agreement on its debt write-off amid weaker US housing sales data. Eight out of ten sectors posted losses during the session, driven by energy and telecom shares. BP Plc. lost 2.2%, after the court said the company cannot

Fri, 27 Jan 2012 16:57:14 GMT

Expansion of European loans slowed down by crisis

The growth of the European loans owed by businesses and households decreased in December amid worsening economic outlook in the region and credit tightening measures of banks. Private sector loans showed a 1% increase on an annual rate, reported the ECB. Moreover, the pace of growth in M3 money supply tumbled to 1.6% from 2%.

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