S&P 500 ascends from 3 month low

Source: Bloomberg
Standard & Poor's 500 Index increased to 1342.05 gaining 0.3% from opening. Lennar and KB Home gained at least 4% each after builder confidence index announcement. JPMorgan increased by 3% after confirming that recent USD 2b loss won't effect dividend payments. Groupon jumped 13% after reporting estimate beating profits. Avon lost 11% after Coty cancelled USD 10.7b takeover bid. Home Depot slumped 1.2% after announcing slower sales in the future due to warm weather.
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Tue, 15 May 2012 19:16:24 GMT

Gold closes low for third day in a row

Gold for June delivery closes low in Commodity exchange division of New York Mercantile Exchange for the third consecutive day. Future contracts lost 0.3% value and settled at USD 1557.10 an ounce. At its lowest, around 10 a.m. New York time, one contract was worth USD 1547 an ounce. Day high was reached almost straight after the exchange opening when one contract was priced at USD 1564 an

Tue, 15 May 2012 18:09:23 GMT

Greece to call new elections as coalition failed to agree on new government

Greece will call new elections as coalition's talks aimed at forming a new government failed, Evangelos Venizelos from Socialist Pasok party   reported . The president of Greece will appoint interim government on Wednesday.  Following the news, the Euro tumbled against its US counterpart and EUR/USD traded at 1.2771, falling by 0.55%.

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