Dow falls from its highs

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Source: Dukascopy Bank SA
U.S. blue chips slumped after the S&P 500 index advanced to its five-year high last week, as U.S. lawmakers approved a budget bill to halt the so-called "fiscal cliff". The Dow Jones Industrial Average eased 0.4%, or 50.92 points, to 13,384.29. Only two out of nine sectors edged higher. Telecommunications sector posted biggest gains, as the shares of Verizon Communications and AT&T rallied 0.88% and 0.45%, respectively.  McDonald's Corp surged the most in the index by 1.12%, capping further losses in the consumer services sector that declined 0.44%. Meanwhile, Walt Disney , an entertainment company, tumbled the most by 2.34% to $50.97. Furthermore, Boeing Co. lost 2% as one of its air crafts operated by Japan Airlines ignited at Logan International Airport in Boston, pacing losses in the industrials group that was 0.45% down. Furthermore, the smallest declined in the basic materials shares was prompted by Alcoa Inc., the mining company, that decreased 1.7% to $9.10.


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Tue, 08 Jan 2013 08:48:26 GMT

Canada Dollar rises on a business gauge increase

The Canadian Dollar, also known as Loonie, increased by 0.1% versus the U.S. Dollar to 98.59 cents in the end of Toronto trading session on Monday. The Loonie increases for the second day against the U.S. counterpart, as a gauge of business activity exceeded estimations in December, signalling faster economic growth. The actual number was 52.8, following 47.5 in November,

Tue, 08 Jan 2013 11:25:05 GMT

Asian stocks fall as Japan exporters decline

Asian shares declined, pushing the regional benchmark index lower, as Japanese exporters fell after the Yen advanced and as HTC Corp. earnings missed estimates. The MSCI Asia Pacific Index slid as much as 0.8% to 130.52, snapping gains of 0.3%. Japan's Nikkei 225 Stock Average fell 1.2% and South Korea's Kospi Index slipped 0.6%, while Taiwan's Taiex Index declined 0.7%. 

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