FTSE 100 index rallies on Tuesday

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Source: Dukascopy Bank
UK FTSE 100 index dropped 1% on Monday but sharply appreciated on Tuesday amid finalized EU fiscal discipline treaty and on hopes Greece is moving closer debt swap agreement. FTSE 100 climbed 0.7% lifted by energy shares amid surging oil futures. BP PLC  added 2.6% and Petrofac Ltd. gained 2.2%. ARM Holdings PLC jumped 4.4% after posting an 11% increase in 4th quarter earnings. At the moment of writing FTSE 100 is 0.71% or 40.40 points up at 5,711.47.

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Tue, 31 Jan 2012 16:21:19 GMT

Foreign shoppers likely to add USD 850B to US economy

Overseas shoppers from China and Brazil may fuel retail sales in US if government would ease the issuance of tourist visas for these countries. According to Obama plan, Chinese and Brazilian shoppers would boost tourism in US, create about 1.3 million new jobs and inject nearly USD 850B in country's economy by 2020. President has signed order requiring Department of Homeland Security

Tue, 31 Jan 2012 15:45:02 GMT

Nikkei 225 fluctuates between gains and losses on Tuesday

Japan's Nikkei Stock Average rebounded on Tuesday as Japanese industrial production output surged 4% in December, compared to predicted 2.8%. Gains, however, were limited as unemployment slightly increased to 4.6% in December amid appreciating Yen. Nikkei 225 index climbed 0.11% or 9.46 points and finished at 8,802.51, led by industrial sector. Fuji Heavy Industries Ltd. advanced 1.6%, while Hitachi Construction

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