S&P 500 curtails part of its losses on Thursday

Note: This section contains information in English only.
Source: Dukascopy Bank

S&P 500 Index gained 1.07% or 13.38 points and closed 1,263.02 partly offsetting previous days' losses as the number of long-term unemployment claims indicated positive trend for US job market. All 10 industries rose within the index, led by financials. J P Morgan Chase & Co gained 2.36% while Morgan Stanley added 2.28%. On the upside also were Masco Corp. and Pultegroup advancing 8.41% and 6.05% respectively. Among main decliners were Sears Holdings Corp. and Consol Energy Inc. dropping 1.29% and 1.55% respectively.

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Fri, 30 Dec 2011 15:31:18 GMT

Dow Jones up 6.1% for 2011

Dow Jones Industrial Average Index gained 1.12% or 135.63 points and finished at 12,287.04 on positive news about US long term employment tendencies. All 30 of blue chips constituents surged sending index 6.1% up on a yearly basis with one trading session left. Financials and technology stocks bolstered the index with Bank Of America Corp. surging 3.21% and Hewlett-Packard Company adding 1.67%. General Electric Company gained

Fri, 30 Dec 2011 15:31:02 GMT

Fitch ratings downgrades Egypt's currency debt

Fitch ratings agency downgraded Egypt's long term currency debt amid drop in central bank foreign reserves and doubt about IMF support. Fitch cut the rating from BB to BB- with a pessimistic outlook.  The reserves of Egyptian central bank lost 44% in 2011 after the national bank attempted to maintain the domestic currency stable amid falling tourism and investment.    

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