US stocks gain as euro area concerns diminish

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Source: Marketwatch
© Scanpix/AP

On Thursday US equities recaptured some losses of earlier trading sessions after receiving news of record low unemployment claims in October and halted concerns about euro area debt turmoil.  S&P 500 Index added 0.9% or 10.6 points, reaching 1,239.70, Dow Jones Industrial Average closed at 11,893.79 gaining 1% or 112.85. Nasdaq Composite Index ended at 2,625.15 increasing by 0.1% or 3.5 points.

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Fri, 11 Nov 2011 08:53:23 GMT

France’s and Germany’s pressure on Greece risks kindling euro exit routes

Sarkozy and Merkel initiated speculation of euro area contracting on November 2 in Cannes, when they alerted exiting Prime Minister Papandreou a proposed referendum on Greek bailout is a vote whether Greece is willing to keep euro currency. As a response investors are starting to gamble on which countries might quit. Such betting might impose threat to troubled euro countries to persuade investors they can

Fri, 11 Nov 2011 16:31:03 GMT

Exorbitant cost of Italy’s borrowings impacts global share indexes

Yields on 10-year Italian bonds achieved 7.28%; rate considered as unsustainable. Concerns about Italy's debt crisis grew impacting the global economy. Asian stock market indexes fell-Japan's Nikkei index dropped by 2.9% while Hong Kong's Hang Seng index decreased by 5.3%. European market proved to be more resilient-Germany's DAX index increased by 0.22%, and the French CAC 40 index went up by 0.4%.

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