US blue chips surged on Monday

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Source: Dukascopy Bank SA
© Scanpix/AP
The Dow Jones Industrial Average Index gained 0.72% to close at 13,424.23. Market sentiment was boosted by encouraging retail sales data and mounting hopes that China will embark on easing measures. However, on-going uncertainty whether Spain will apply for a bailout continued to weight down on the US blue chips. Eight out of nine sectors included in the jumped. The best-performers were consumer goods and health care firms. Johnson & Johnson and Merck & Co gained 0.93% and 2.13%, following inspiring news from Abbott Laboratories. Among consumer goods, Procter & Gamble and Wal-Mart Stores advanced by 1.13% and 0.40%. Lenders were mixed, with Bank of America gaining 3.51% and American Express losing 0.52%. On the downside were telecommunications, retreating 0.67%. AT&T and Verizon Communications slumped 1.18% and 0.27%.


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Tue, 16 Oct 2012 16:18:27 GMT

Japanese equities jumped, Softbank led gains

Japanese equities advanced on Tuesday on weaker Yen and upbeat retail sales numbers from the US.  Moreover, mounting hopes that the POBC will launch more growth-boosting measures lifted equities. However, recent downward revision of Japanese industrial output continued to limit shares' rally. The Nikkei 225 Index surged 1.44% to end the session at 8,701.31. All but one sector within the

Tue, 16 Oct 2012 15:34:21 GMT

US shares soared on upbeat retail sales data

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