US stocks recover on Bernake's speech

Note: This section contains information in English only.
Source: Marketwatch
US leading stock indices offset last week's losses on Monday after FED chairman Ben Bernake indicated that central bank is likely to stick to loose monetary policy in order to maintain improvements in labour market. S&P 500 index gained 1.39% or 19.40 points and closed at 1,416.51, Dow Jones Industrial Average jumped 1.23% or 160.90 points and settled at 13,241.63. Nasdaq Composite advanced 1.78% or 54.65 points to 3,122.57.

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Tue, 27 Mar 2012 06:44:37 GMT

Gold firms after Fed hinted on easing in the US

Gold prices increased at Asian trade on Tuesday, being supported by hints that Fed is likely to provide additional stimulus to the US economy as labour market remains weak. COMEX gold futures for delivery in June traded at 1,691.45 US Dollars per troy ounce on the New York Mercantile Exchange, gaining 0.19%.

Tue, 27 Mar 2012 06:09:44 GMT

European markets climb on German business confidence data

European stocks advanced on Monday driven by better than expected data on German business confidence index. Stoxx Europe 600 index surged 1%, German DAX rallied 1.2% and FTSE 100 added 0.8%. French CAC 40 index gained 0.7%. Spanish benchmark IBEX 25 index tumbled 0.7% on worries about country's fiscal outlook. 

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