EUR/JPY achieved 9-day high

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Source: Forexpros

The Euro experienced gains against the yen hitting 9-day high as hopes for combating with the crisis in the Eurozone increased demand for the Euro. EUR/JPY achieved 104.23 at the European afternoon trading, the pair consolidated at 104.37 with euro gaining 1.42%.

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Mon, 28 Nov 2011 16:48:29 GMT

Electronic Arts Inc. shares gained 6%

Electronic Arts Inc. shares advanced 6% in morning trading after Citigroup increased company's rating to buy from neutral. EA shares currently have high appeal after losing 17%; it seems to be a promising start for the company in pre-Christmas time, said Neil Doshi, Citigroup analyst. The target share price remained at $26 a share.

Mon, 28 Nov 2011 16:47:07 GMT

Sales of new US homes rise less than expected

Sales of new US homes edged up 1.3% in the previous month to an annual rate of 307,000, according to the government report. Experts expected sales to reach an annual rate of 320,000 on a seasonally adjusted basis. The sales gained 8.9% as compared to the previous year but the market remains in the worst condition in modern times.

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