US stocks climb on Apple results

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Source: Marketwatch
US stock indices rallied on Wednesday as investors incorporated into results the news from Apple Inc. The company reported a 94% gain in first quarter profit on Tuesday after the session. S&P 500 index jumped 1.36% or 18.72 points to 1,390.69 whereas Dow Jones Industrial Average advanced  0.7% or 89.16 points and closed at 13,090.72. Nasdaq Composite rallied 2.3% or 68.03 points and finished at 3,029.63.
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Thu, 26 Apr 2012 07:17:31 GMT

Deutsche Bank reports a drop in profit for the 1st quarter

Deutsche Bank, the German biggest lender posted a 33% drop in its first quarter profit, citing debt crisis as a negative force that curbed trading. Net income declined to EUR 1.38 billion (USD 1.82 billion) compared to EUR 2.06 billion in the same period last year. Economists questioned by Bloomberg expected the profit to decrease less to EUR 1.56 billion. Deutsche

Thu, 26 Apr 2012 06:55:32 GMT

European shares post strong gains for Wednesday

European equity markets pared sharp gains on Wednesday as the bookings for US durable goods declined more than expected. Nevertheless markets closed on strongly positive note. Stoxx Europe 600 gained 1.0% while German DAX rallied 1.7%. British FTSE 100 experienced modest gains and added 0.2% while French CAC jumped 2.0%.

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