Gold continues to fall

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Source: Forexpros
© Scanpix/FP

Gold futures decreased despite bullish market sentiment on growing concerns over the euro-zone, after European summit failed to reached an agreement on measures for combatting the debt crisis. On the Comex division of the New York Mercantile Exchange gold futures for delivery in February were traded at USD1709.05 a troy ounce, edging down by 0.23% since opening.

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Fri, 09 Dec 2011 13:46:04 GMT

European stocks climb and euro strengthens after the summit

European shares, shared currency and US market index futures rebounded after region's officials agreed on bolstering the rescue fund and restrict budget rules to tackle area's debt crisis. Overnight talks added $267 bn firepower and stricter anti-deficit regulations.  Stoxx Europe 600 Index gained 1.2% erasing morning loss, futures on Standard & Poor's 500 jumped 1% while euro added 0.5% reaching $1.3405. In contrast, Italian bonds

Fri, 09 Dec 2011 13:44:51 GMT

Dow Jones Industrial Average breaks its upward trend

On Thursday trade Dow Jones Industrial Average erased gains accumulated since December 2 and tumbled 1.63% or 198.67 points at 11,997.70.  Drop was mainly caused by European officials' inability to agree on joint position, based on which investor confidence declined. 29 of 30 companies within blue chip index experienced loss led by Bank of America and JP Morgan Chase giving up 5.09% and 5.24% respectively. The

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