Dow Jones closes higher after EU summit

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Source: Marketwatch
On Friday Dow Jones Industrial Average climbed 1.55% or 186.56 points and finished at 12,184.26 as European officials' achieved progress eased investor worries about debt crisis and US consumer confidence surged. 29 out 30 constituents ascended. Caterpillar Inc. and General Electric Co. led the gains adding 3.28% and 3.25% respectively. On the upside was also Boeing Corp. which gained 2.51% after receiving a $2.8bn order from Etihad Air. On the weekly basis US blue chip index added 1.4%.

 

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Mon, 12 Dec 2011 14:36:41 GMT

DAX 30 drops on Weidmann's announcement

On Monday German shares declined after Jens Weidmann the Bundesbank President denied speculations that ECB will expand its role after European officials agreed on new fiscal treaty. German DAX 30 lost 1.5% in early afternoon in Frankfurt. Previous week German benchmark edged down 1.6% after ECB rejected conjectures it will stimulate bond purchases. On the downside were two leading nation's banks, as Commerzbank AG and Deutsche

Mon, 12 Dec 2011 14:34:41 GMT

Euro falls on Moody's review

Euro experienced a sharp decline on Monday after Moody's Investors Service told it will revisit credit ratings for EU countries. According to Moody's European summit last week provided few new actions and majority of proposed measures are similar to earlier announced ones. After Moody's statement 17-nation currency plunged 1% reaching $1.3253. Currently EUR/USD is trading at $1.3262.  

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