Stocks advance to five-year high as metals rocket on Fed

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Source: Bloomberg
© Scanpix/AFP
Global stocks advanced to a five-year peak and metals skyrocketed on the Fed's unexpected refrain from tapering. Corporate creditworthiness soared to a two-year best level. The MSCI All-Country World Index rose 1.2% as of 6:25 a.m. New York time, while S&P's 500 Index futures gained 0.5%. Meanwhile copper advanced 2% and WTI oil added 0.6%
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Thu, 19 Sep 2013 13:27:03 GMT

Pound depreciates on unexpected drop in retail sales

The Sterling dropped the most in a month against the greenback after a report indicated U.K. retail sales dropped unexpectedly in August. The Pound weakened 0.5% to $1.6068 as of 10:08 a.m. in London, the most since August 22. The British currency slid 0.8% to 84.40 pence per Euro. The 10-year British government bonds lost 0.15 percentage point to 2.85%,

Wed, 18 Sep 2013 15:51:03 GMT

Microsoft increases dividend to $0.28

Microsoft Corp., one of the leading software developers in the world, announced on Wednesday a 22% surge in dividend for the second quarter of 2013. Thus, Microsoft will pay its shareholders $0.28 per share, 5% more than for January-March. Company regularly pays dividend since year 2004. Microsoft Corp. stocks were trading 0.64% higher to $33.14 on Wednesday at 15:00 GMT

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