US equities rebound on better-than-expected economic data

Note: This section contains information in English only.
Source: Marketwatch

US stocks rose on Thursday after data showed jobless claims declined while consumer confidence surged more than expected. Dow Jones Industrial Average gained 0.5% or 61.91 points closing at 12,169.65 while S&P 500 Index added 0.8% or 10.28 points, reaching 1,254.00. Nasdaq Composite also ascended 0.8% or 21.48 points attaining 2,599.45.

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Fri, 23 Dec 2011 08:37:21 GMT

US consumer sentiment remains upward sloping

The measure of consumer sentiment reached 69.9 in December compared to 64.1 in November. Economists surveyed by Marketwatch earlier predicted the gauge to be at 67.7. Yelena Shulyatyeva, BNP Paribas economist, suggests that despite European debt crisis, positive news about national economy amid holiday cheer made consumers more optimistic in December. Nevertheless, Richard Curtin, sentiment survey's chief economist warns that Congress's inability to extend labour tax

Fri, 23 Dec 2011 08:36:15 GMT

Asia stocks recover on US data

Asian markets moved higher on Friday fuelled by positive news from the US where the number of jobless claims dropped to the lowest level since April 2008 and consumer confidence was higher than expected. Shanghai Composite advanced 1.2% and South Korea's Kospi climbed 1.3%. Hang Seng Index traded up 1.1% while Australia's S&P/ASX 200 index rose 1.2%. Japanese markets were closed.

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