Hang Seng index rallies on Tuesday

Source: Dukascopy Bank
Hong Kong's Hang Seng index rallied on Tuesday as oil prices retreated from 9-months record high. Hang Seng index jumped 1.65% or 350.87 points and finished at 21,568.73 with airline firm Cathay Pacific Airways posting a substantial advance. Company rocketed 5.7% on declining crude. HSBC Holdings PLC extended losses on Tuesday, edging down 0.7% on yesterday's disappointing earnings report. Hang Seng Bank jumped 5.1% after posting a 12% gain in 2011 profit.


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Tue, 28 Feb 2012 17:25:06 GMT

FTSE 100 trades flat on Tuesday session

British FTSE 100 index traded close to flat on Tuesday, supported by mining shares and financials on the upside. India-oriented Essar Energy erased some of losses and climbed 4.3%. Nevertheless, Goldman Sachs downgraded Essar shares citing weak annual earnings and uncertain outlook. On negative side Barclays PLC dropped 0.2% on news lender might be forced to pay a GBP 500

Tue, 28 Feb 2012 16:12:05 GMT

Switzerland's level of unemployment fell less than projected in Q4

Swiss level of unemployment decreased less than initially projected in Q4. The number of individuals without job approached 4.04 million on a seasonally adjusted basis in Q4 as compared to 4.05 million in the previous quarter, reported Swiss Federal Statistics Office. Experts predicted the level of unemployment to fall to 4.03 million in the period.

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