Crude oil backed up by Fed's decision

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Source: Forexpros
Crude oil futures soared on Thursday following the Fed's decision to leave interest rates low till  end of 2014 to boost economic expansion. Light, sweet crude oil futures for March delivery traded at USD99.83 a barrel during the Asian session, on the New York Mercantile Exchange, gaining 0.44% since opening.


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Thu, 26 Jan 2012 10:43:25 GMT

S&P 500 climbs on Fed decision

S&P 500 Index surged on Wednesday on Federal Reserve announcement, the institution will keep its key interest rate low by the end of 2014. US benchmark index climbed 0.87% or 11.41 points and finished at 1,326.06, with all 10 sectors posting gains.  Apple shares extended gains, climbing 6% on excellent earnings report. On the downside Wellpoint Inc. dropped 4.76%, as

Thu, 26 Jan 2012 11:50:09 GMT

European markets down on Wednesday

European shares closed lower on Wednesday, weighted by Novartis and Ericsson as both companies reported sharp declines in profits. Stoxx 600 index lost 0.4% and closed at 254.95 and CAC 40 index ended 0.3% down at 3,312.48. FTSE 100 gave up 0.5% and finished at 5,723.00. Only German DAX performed better and traded flat at 6,421.85. 

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