Dow Jones surged on EU hopes

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Source: Dukascopy Bank SA
Dow Jones Industry Average surged 1.67% on Thursday as hopes for stabilization in the single currency union boosted risk-sentiment. Moreover, positive US jobs market data lifted the US blue chips index. Oil and gas companies were among the top-performers, rising 1.86%. Exxon Mobil rose 1.5% after reporting a 49% increase in profits in Q3 due to sales of stake in Japan's refining and chemicals business. Miners also moved higher, being supported by a 2.01% surge in 3M shares. The mining giant announced quarterly earnings that beat forecasts.
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Fri, 27 Jul 2012 14:53:40 GMT

Nikkei 225 advanced amid restored confidence

Japan's shares extended previous gains on Friday on positive headlines from the Eurozone. Spanish and Italy's bond yields fell from record-highs after Mario Draghi reassured investors that the Euro will be preserved. Demand for risker assets was also bolstered by expectations for easing measures worldwide. Nissan erased previous losses caused by disappointing earnings report release on Thursday. Shares of Nissan

Fri, 27 Jul 2012 14:18:41 GMT

S&P 500 rallied after ECB comments

S&P 500 rallied on Thursday after the ECB President pledged to save the Euro by any means. The announcement raised demand for riskier assets as investors hope the ECB will resume its bond purchasing program. Yields on Spain's and Italy's bonds dropped sharply after Mario Draghi comments. S&P 500 posted the first gain of 1.65% after five days of losses.

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