S&P 500 surges on PMI data

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Source: Dukascopy Bank
S&P 500 index advanced on Tuesday lifted by better than expected U.S. ISM-manufacturing data. US index added 0.57% or 7.91 points and finished at 1,405.82. Archer Daniels Midland jumped 7% after beating analyst earning estimates. Chesapeake Energy rallied 6.3% on news it will hire a new chairman and stop executive incentive program. Avon products tumbled 8% as its profit disappointed investors. Company cited higher material and labour costs as the main reasons for weaker financial figures. 

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Wed, 02 May 2012 09:06:58 GMT

Nikkei 225 closes 0.3% up

Japan's Nikkei Stock Average rebounded on Wednesday as Chinese official data showed manufacturing activity in world's second biggest economy improved in April. Nikkei 225 index climbed 0.31% or 29.30 points and finished at 9,380.25. Japan Tobacco advanced 2.4% on news the cigarette producer will increase its dividend and prepares to boost prices in order to meet its earnings target. Kansai

Wed, 02 May 2012 08:50:48 GMT

Greenback climbs versus Yen before jobs report

The US Dollar advanced for a second straight day versus Japanese currency ahead of US employment change report due today which is predicted to show the nation added more jobs in April. Greenback soared 0.3% versus Yen to JPY 80.35. US Dollar gained 0.1% against European shared currency to USD 1.3219. Currently USD/JPY is trading at JPY 80.55 while EUR/USD

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