S&P 500 index 1% up on Thursday

Source: Dukascopy Bank
S&P 500 index extended gains on Thursday as investors became more confident Greece will be able to complete the debt swap deal. US benchmark surged 0.98% or 13.28 points to 1,365.91. Financials supported the index with Morgan Stanley appreciating 1.8% and Citigroup Inc improving by 2.3%. Apple Inc added 2.1% after the firm released a new version of its iPad. American International Group Inc. dropped 3.9% on news US Treasury Department is selling USD 6 billion of its shares in AIG. 

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Fri, 09 Mar 2012 13:33:44 GMT

Dow Jones Industrial Average index trades higher ahead of February jobs data

Dow Jones Industrial Average index climbed for second straight day despite increase in jobless claims last week as investors awaited positive monthly employment report due Friday. Blue chip index added 0.55% or 70.61 points and finished at 12,907.94 with growth depended shares posting most notable gains. Alcoa surged 2.3% and Caterpillar advanced 1.9%. McDonalds Corp curbed index on the downside

Fri, 09 Mar 2012 13:32:45 GMT

China's inflation rate hit 20-month low in February

China's inflation rate tumbled to 20-month low on the falling food prices. The rate of price index increase approached 3.2% last month as compared to 4.5% in January, reported the NBS. The country's inflation target for the whole 2012 is 4%. The decline in the inflation rate will enable the government to provide fresh stimulus for reviving sluggish economy. 

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