Nasdaq Composite weekly summary

Note: This section contains information in English only.
Source: Dukascopy
© Scanpix/New York Times

On Friday November 18 the index ended up at 2,572.50 giving up 15.49 points or 0.6% compared to Thursday. During last week Nasdaq dropped 4% as markets reflected sharply anxiety that debt crisis in Europe could extend and hit US banks. The index was affected negatively by Salesforce.com's drop in stock price of 10% after reporting its lower-than-expected quarterly results.

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Mon, 21 Nov 2011 12:47:23 GMT

Equities and euro extend losses on US lawmakers' failure to accept budget cuts

On Monday trading session stocks prolonged their 3 week losses as US lawmakers did not manage to approve budget reductions. Stoxx Europe 600 Index slumped 1.9% continuing previous week's 3.7% drop as approximately 40 stocks declined per every gaining share. Mining stocks contributed most negatively to index as their prices experienced a decrease of 3.3%. Euro depreciated 0.5% against US dollar reaching $1.3463. 

Mon, 21 Nov 2011 13:11:54 GMT

EC proposes common euro-area bonds

European Commission has proposed the introduction of united Euro-area bonds, joining the debt of 17 countries, as previous efforts to combat continuous crisis have failed. Germany, the flagman of the European economies, is strongly against such measures, as it is afraid of being stuck with returning other countries' debts. However, euro-bond advocates are much more optimistic, as overall euro-area Debt-to-GDP

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