Dow Jones main index records best monthly gain since October

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Source: Dukascopy Bank SA
Dow Jones Industrial Average sharply appreciated on Friday as shares rallied on European leaders proposed plan for bank rescue and relived rules for indebted governments. Blue chip index jumped 2.20% or 277.83 points and closed at 12,880.09 posting the best monthly advance since October. 29 stocks out of 30 posted gains for the Dow. The main winning company was Bank of America which surged 5.7%. The only laggard was JP Morgan which extended losses on forecasts for higher than expected losses from credit derivatives. 

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Mon, 02 Jul 2012 11:33:31 GMT

Nikkei 225 disrupts gains on stronger Yen

Japan's Nikkei 225 stock average breached a 3 day gains and finished into red area as appreciating Yen sent exporters lower. Nikkei 225 index slipped 0.04% or 3.3 points closing at 9,003.48. Nippon Yusen surged 2.4% on news it plans to double earnings from the shipping line's logistics operations. Nissan Motors and Honda Motors gave up 0.7% as Yen strengthened

Mon, 02 Jul 2012 11:11:31 GMT

Increase in the prices of Asian real estate

The house prices in China, Australia and Singapore advanced in June, as demand for real estate was boosted by low interest rates. In China, the home values added 0.1%  to $ 1,369 per square meter last month. In Australia, the average price of a residence rose to $ 471,000 in June 2012 and in Singapore the medium size of units offered decreased

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