S&P 500 climbs on positive economic data

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Source: Dukascopy Bank
S&P 500 index traded slightly higher on Friday, supported by US economic data including better than expected consumer sentiment and new home sales. However, gains were limited as climbing oil prices raised investor concerns. US stock index added 0.17% or 2.28 points and closed at 1,365.74. Sears Holdings extended its gains and jumped 10.5%. On Thursday the company said it will sell 11 stores and restructure some of its smaller units. First Solar maintained downward trend and dropped 4.4% as Germany last week announced it will reduce State support for solar energy tariffs. 

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Mon, 27 Feb 2012 12:26:21 GMT

Greece's banks faced essential money outflow

Consumers and businesses continued to withdraw money from Greece's banks at sharply increased pace in January, reported the ECB. Private deposits in the country's banks decreased by 3% on a monthly basis in January, approaching 174.9 billion Euros. Fall in the deposits in indebted countries as Portugal and Spain showed much better results, with slightly growing deposits in January.

Mon, 27 Feb 2012 12:03:50 GMT

China does not plan to ease real estate policies

China is not expected to loosen its prudent property policies in the nearest term but may consider some easing in a long-run, said industry expects. Such measures as limiting the amount of property one family could own and high minimum downpayments may be gradually eased after real estate prices approach reasonable level, said Carlby Xie from Colliers International. The housing

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