US stocks ended higher on Friday

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Source: Dukascopy Bank SA
US equities ended the week in the positive territory amid encouraging economic data releases. US UoM consumer sentiment was revised up to 73.8 in January compared with the December's figure of 71.4. At the same time, US final PMI showed expansion of the manufacturing activity despite being slightly below estimates. The S&P 500 Index rallied 1.01% to close at 1,513.17. All industries posted gains. The top-performers were telecommunication and industrial companies. CenturyLink and Sprint Nextel went up 1.73% and 1.07%, while Cummins and Emerson Electric added 1.31% and 1.45%. Among other big movers, MetLife jumped 2.30% after announcing it plans to buy the biggest private fund administrator in Chile, BBVA. Meanwhile, automobile producers also advanced on better-than-expected vehicle sales in the US last month. Ford Motor, Goodyear Tire & Rubber and Harley-Davidson climbed 0.54%, 0.22% and 0.65%, respectively. On the downside, Pitney Bowes Inc. tumbled 4.09% after posting weak earnings and profits.
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Mon, 04 Feb 2013 17:06:46 GMT

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Mon, 04 Feb 2013 16:32:33 GMT

Pound Gained against Euro ahead of Construction Report

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