US stocks rebound as hiring increases

Source: Marketwatch
US markets recovered on Wednesday trade after data showed the number of payrolls climbed and investors anticipated news about possible new type of Fed's quantitative easing. S&P 500 index gained 0.69% or 9.27 points and finished at 1,352.63 with financial shares posting biggest gains, Dow Jones Industrial Average index added 0.61% or 78.18 points and settled at 12,837.33 while Nasdaq Composite index improved 0.87% or 25.37 points to 2,935.69.
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Thu, 08 Mar 2012 15:14:21 GMT

Precious metals modestly higher amid looming Greek debt swap deadline

Precious metals posted moderate gains on Wednesday on weaker US Dollar and hopes that Greece will manage to agree with private bondholders on the debt swap deal. Moreover, bargain buying also created additional support for the precious metals. However, the fear that Greece may fail to repay its debt timely continued to weight on the commodity pack. Eased inflationary pressure

Thu, 08 Mar 2012 14:39:18 GMT

Nikkei 225 index adds 2% on depreciating Yen

Japan's Nikkei Stock Average ended a three-day drop and advanced sharply on Thursday lifted by depreciating Yen and economic news from US. Nikkei 225 index soared 1.97% or 188.67 points and closed at 9,764.73. Financials supported the index most with Nomura Holdings Inc surging 4.7% and  Mitsubishi UFJ Financial Group advancing 2.7% on news US Fed is planning a new

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