S&P 500 index adds 0.7% on pending home sales

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Source: Dukascopy Bank
S&P 500 index extended gains on Thursday as supported by earnings and almost four times increase in pending home sales in March. US index gained 0.67% or 9.29 points and finished at 1,399.98. Citrix Systems jumped 12% after the software provider's outlook for earnings in 2012 beat the median analyst estimate. In contrast, Akamai Technologies tumbled 14%, after predicted net income that missed expectations. Aetna also plunged 8.2% after health insurer posted disappointing 1st-quarter profit.


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Fri, 27 Apr 2012 09:57:34 GMT

Hong Kong index finishes 0.3% down despite early gains

Hong Kong's shares showed strong performance, lifting Hang Seng in the morning trade. Nevertheless benchmark index later changed direction and ended down 0.33% or 68.26 points at 20,741.45 with energy sector posting the strongest gains while industrials tumbled most. PetroChina rallied 3% on its earnings results. BOC Hong Kong Holdings added 1.9% after releasing its financial report. In contrast Bank

Fri, 27 Apr 2012 11:47:42 GMT

Euro depreciates after Spain downgrade

The 17-nation currency weakened on Friday after S&P ratings agency lowered Spanish short term and long term sovereign rating citing Spain's recession as factor that can negatively affect nation's efforts to reduce its budget deficit. Euro depreciated 0.4% versus greenback to USD 1.3169 and slipped 0.6% against Japanese Yen to JPY 106.43. Currently EUR/USD is trading at USD 1.3173.

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