US stocks open higher on Friday

Note: This section contains information in English only.
Source: Marketwatch

US shares opened up on Friday morning on news that European officials reached consensus on tighter fiscal ties and other instruments to tackle debt turmoil. Dow Jones Industrial Average added 0.92% or 110.69 points to 12,108.39, Nasdaq Composite ascended 0.8 or 20.83 points to 2,617.21 and S&P 500 Index gained 13.43 points reaching 1,248.04.

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Fri, 09 Dec 2011 17:32:14 GMT

US consumer confidence hit the six-month high

US consumer sentiment reached a record level of the last six months approaching to 67.7 as compared to 64.1 in the preceding month. The increase exceeded expectations as analysts projected the indicator to climb to 66.1; however, the confidence level is still below 74.5 in the last December reading. The increase is inspiring but experts claim it will not lead to sustainable growth

Fri, 09 Dec 2011 17:30:33 GMT

FTSE 100 climbs led by financials

UK benchmark index FTSE 100 traded higher on Friday after European officials managed to persuade 26 of 27 EU members to implement tighter fiscal regulations. FTSE 100 added 1% to 5,437.57 in London afternoon trade. On the upside were British banks, as Barclays PLC gained 4.5%, Royal Bank of Scotland Group PLC jumped 4.3%, whereas Lloyds Banking Group PLC surged 4.72%.

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