Stocks from Japan to Australia rally on U.S. deal

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Source: Reuters
© Scanpix/RS
Asian and Pacific stocks rallied on Thursday after a debt limit deadlock ended yesterday when the U.S. President Barack Obama and House Republicans agreed on a new federal debt ceiling avoiding the country's default. The MSCI Asia-Pacific Index outside Japan advanced to the highest level in a five-month period and was traded 0.4% up, while Japan's Nikkei added 1.2% to a 3-week high.

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Thu, 17 Oct 2013 06:53:07 GMT

U.S. shares rally on new federal debt ceiling

Wall Street increased on Thursday as the U.S. President Barack Obama and Senate leaders found an agreement on a new federal debt ceiling reopening the federal government and avoiding a catastrophic scenario of the country's default.  The Dow Jones industrial average added 1.36% to 15,373.83, the S&P 500 Index rose 1.38% to 1,721.54 and the Nasdaq gained 1.20% to 3,839.43.

Thu, 17 Oct 2013 06:25:05 GMT

U.S. homebuilder confidence slips unexpectedly in October

Homebuilder confidence in the world's largest economy surprisingly declined in October, a report released by the National Association of Home Builders revealed on Wednesday. According to the report, the NAHB/Wells Fargo Market Index slipped from a level of 57 points recorded in September to 55 in October, while it was originally forecast to stand at 58.

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